Coty(COTY) - 2023 Q4 - Earnings Call Presentation
Coty(COTY)2023-08-23 01:22
COTY 4Q23 EARNINGS CALL August 22, 2023 KEY MESSAGES Q4 SALES GROWTH AHEAD OF RAISED GUIDANCE, FUELED BY STRONG DEMAND FOR BEAUTY ▪ Q4 CORE LFL REVENUE GROWTH OF +17%, AHEAD OF UPDATED CORE LFL GUIDANCE OF +12-15%, WITH PARTICULAR STRENGTH IN PRESTIGE & DD GROWTH IN CONSUMER BEAUTY FY23 PROFITS AHEAD OF GUIDANCE, DESPITE REINVESTMENTS AND FX HEADWINDS ▪ ADJ OP INCOME +20% YOY AND ADJ EBITDA +7% TO $973M, AHEAD OF GUIDANCE, DESPITE REINVESTMENTS IN GROWTH CAPABILITIES & OVER $70M OF FX HEADWINDS ON ADJ EBITD ...