Benzinga | Feb 9, 2021 07:08AM EST

Coty: Q2 Earnings Insights



Shares of Coty (NYSE:COTY) moved higher by 0.4% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 37.04% year over year to $0.17, which beat the estimate of $0.07.

Revenue of $1,416,000,000 declined by 39.62% from the same period last year, which missed the estimate of $1,430,000,000.

Outlook

Coty hasn't issued any earnings guidance for the time being.

Coty hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Feb 09, 2021

Time: 08:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg30.jsp&referrer=https%3A%2F%2Finvestors.coty.com%2F&eventid=3000840&sessionid=1&key=ABB11743B28D2879C5EBF9CF3A50ACA3&regTag=&V2=false&sourcepage=register

Recent Stock Performance

52-week high: $12.34

Company's 52-week low was at $2.65

Price action over last quarter: Up 79.33%

Company Description

Coty is a global beauty company that sells fragrances (56% of fiscal 2020 revenue), color cosmetics (31%), and skin/body care (13%). The firm licenses brands such as Calvin Klein, Hugo Boss, Gucci, and Davidoff for its fragrance portfolio. Coty's most popular color cosmetic brands are CoverGirl, Max Factor, Rimmel, Sally Hansen, and Kylie. Francois Coty founded the firm in 1904 and it remained private until its 2013 IPO. It had focused on prestige fragrances and nail salon brands until the 2016 acquisition of Procter & Gamble's beauty care business. This nearly doubled the firm's revenue base, and launched it into mass channel cosmetics and professional hair care.