Coty Inc. (COTY) Q1 2025 Earnings Call Transcript

Nov. 06, 2024 8:50 PM ETCoty Inc. (COTY) StockCOTY
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Q1: 2024-11-06 Earnings Summary

EPS of $0.15 misses by $0.04
 | Revenue of $1.67B (1.83% Y/Y) misses by $2.68M

Coty Inc. (NYSE:COTY) Q1 2025 Earnings Conference Call November 6, 2024 4:45 PM ET

Company Participants

Olga Levinzon - IR
Sue Nabi - CEO
Laurent Mercier - CFO

Conference Call Participants

Operator

Hello everyone. This is Olga Levinzon Coty’s Senior Vice-President of Investor Relations. Thank you for joining us today for the prepared remarks portion of Coty’s First Quarter Fiscal 2025 earnings. On Thursday, November 7, 2024 at approximately 10:30am Eastern Time or 4:30pm Central European Time, we will hold a separate live Q&A session on our results which you can access via our Investor Relations website.

Joining me for our presentation are Sue Nabi, Coty’s CEO, and Laurent Mercier, Coty’s CFO. Before I hand the call over to Sue, I would like to remind you that many of the comments today may contain forward-looking statements. Please refer to Coty's earnings release and the reports filed with the SEC where the Company lists factors that could cause actual results to differ materially from these forward-looking statements.

In addition, except where noted, the discussion of Coty's financial results and Coty's expectations reflect certain adjustments as specified in the non GAAP Financial Measures section of the Company's release. Thank you. I will now hand it over to our CEO, Sue Nabi.

Sue Nabi

Thank you Olga. Welcome everyone. As we enter fiscal 2025, the microeconomic environment remains as complex as ever and the outsized growth of the last few years is now entering the normalization phase. But one thing is very clear, consumers continue to prioritize beauty in their spending routines even as they pull back on many other consumer segments. Within the broader beauty backdrop, fragrances remain a top performing category.

As a beauty leader and increasingly as a beauty trendsetter, Coty remains at the forefront of fueling consumer desire and driving

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