Coty Inc. — First Quarter Fiscal 2027 Earnings Summary

Coty Inc. reported first-quarter fiscal 2027 net revenues of $1.555 billion, representing a 1% decline on a reported basis and a 2% decline on a like-for-like basis. The company achieved adjusted earnings per share of $0.16 and adjusted EBITDA of $274.2 million, both exceeding guidance, while operating cash flow increased to $130.4 million. Coty's Top 6 core prestige brands returned to growth with a 5% like-for-like increase, driven by new launches and the extension of the Marc Jacobs license for 40 years. The company expects second-quarter fiscal 2027 like-for-like revenue to decline by a low-single-digit percentage and adjusted EBITDA to decrease by a high-single-digit percentage.