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Coty Announces Third Quarter Fiscal Year 2026 Results

COTYPARIS:COTY
  • Coty Inc. reported Q3 fiscal 2026 results ending March 31, 2026, with profit ahead of expectations despite Middle East disruptions.
  • Net revenues for the three months ended March 31, 2026, were $1,281.6 million, a 1% reported decline & 7% like-for-like decline.
  • Net revenues for the nine months ended March 31, 2026, were $4,537.4 million, a 2% reported decline & 6% like-for-like decline.
  • Fiscal year-to-date operating cash flow reached $421.8 million & free cash flow reached $275.6 million.
  • Reported net loss for the three months was $411.4 million, including a $362.8 million impairment charge for the Consumer Beauty segment.
  • Adjusted net loss for the quarter was $27.2 million, compared to adjusted net income of $6.8 million in the prior year quarter.
  • Reported operating loss for the nine months was $38.8 million, while adjusted operating income was $587.2 million.
  • Prestige segment net revenues were $830.9 million for the quarter, flat on a reported basis & down 5% on a like-for-like basis.
  • Consumer Beauty segment net revenues were $450.7 million for the quarter, down 4% reported & 10% like-for-like.
  • Gross margin was 61.8% for the quarter, down 230 basis points year-over-year due to supply chain cost under-absorption & tariffs.
  • Coty initiated the Coty.Curated strategic framework to sharpen priorities, reduce smaller launches, & increase AI deployment for owned brands.
  • The Board appointed five new independent directors: Carsten Fischer, Alia Gogi, Robert Kunze-Concewitz, Maria Carla Liuni, & Stephanie Plaines.
  • Coty repaid all remaining 2026 bond maturities on April 15, 2026.
  • Total debt increased to $3,216.2 million as of March 31, 2026, resulting in a financial leverage ratio of 3.4x.
  • Coty was upgraded to an AA rating by MSCI ESG Ratings & received the Newsweek AI Impact Award.
  • The company expects fourth quarter fiscal 2026 like-for-like revenue to decline by a mid-single-digit percentage.
  • Full-year fiscal 2026 adjusted EBITDA is anticipated to be between $838 million & $848 million.
  • Adjusted EPS for fiscal 2026 is projected to be between $0.33 & $0.35, excluding equity swap impacts.
  • New product launches planned include Calvin Klein Euphoria Elixirs in Spring 2026 & Marc Jacobs Beauty makeup in June 2026.