Coty(COTY) - 2024 Q2 - Earnings Call Presentation
COTYCoty(COTY)2024-02-08 09:59

COTY 2Q24 EARNINGS CALL February 7, 2024 KEY MESSAGES CONTINUED MOMENTUM IN Q2, FUELED BY CATEGORY STRENGTH & TOP NOTCH INNOVATION ▪ Q2 LFL REVENUE GROWTH OF +11% AND 1H24 +14%, AHEAD OF 1H24 UPDATED LFL GUIDANCE OF +11-13%, FUELED BY BOTH DIVISIONS WITH PARTICULAR STRENGTH IN PRESTIGE; VOLUME, PRICE AND MIX ALL CONTRIBUTING TO BALANCED GROWTH AGENDA STRONG PROFIT DELIVERY AND MARGIN EXPANSION ▪ Q2 ADJ OP INCOME GREW +18% YOY AND ADJ EBITDA GREW +15%, WITH EBITDA MARGIN +40BPS; SEASONALLY STRONG FCF GENERAT ...