Free Post Earnings Research Report: Coty’s Revenue Soared 107.21%
LONDON, UK / ACCESSWIRE / December 26, 2017 / Active-Investors.com has just released a free earnings report on Coty Inc. (NYSE: COTY). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=COTY. Coty posted its first quarter fiscal 2018 (Q1 FY18) results on November 09, 2017. The leading cosmetics provider outperformed top- and bottom-line expectations. Register today and get access to over 1000 Free Research Reports by joining our site below:
www.active-investors.com/registration-sg
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Coty most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
www.active-investors.com/registration-sg/?symbol=COTY
Earnings Highlights and Summary
In Q1 FY18, Coty revenues surged 107.21% to $2.24 billion in Q1 FY18 compared to $1.08 billion in Q1 FY17. Revenue numbers topped analysts' estimates of $2.22 billion.
The Company's gross profit was $1.36 billion in the reported quarter compared to $635.40 million in Q1 FY17, reflecting a growth of 114.67%.
Coty's operating income was $28.70 million in Q1 FY18 compared to $46.40 million in Q1 FY17, reflecting a decline of 38.14% y-o-y.
The Company posted net loss of $16.10 million in Q1 FY18 compared to a net income of $9.80 million in Q1 FY17. The diluted loss in the reported quarter was $0.03 per share. Adjusted earnings were $0.10 per share in the reported quarter, beating analysts' estimates of $0.07 per share.
Coty's Segment Details
Coty has three business segments, namely: (i) Luxury; (ii) Consumer Beauty; and (iii) Professional Beauty.
Revenues for its Luxury segment surged 70.24% to $764.40 million in Q1 FY18 compared to $449.00 million in Q1 FY17, due to acquisition of P&G's beauty business in 2016 and momentum in Hugo Boss, Gucci, and Tiffany and Co. The segment's operating income was $56.70 million in the reported quarter compared to $75.70 million in Q1 FY17, declining 25.09% on a y-o-y basis.
The Consumer Beauty segment's revenues surged 82.44% to $1.04 billion in Q1 FY18 compared to $571.90 million in Q1 FY17, due to the Company's acquisition of Younique and P&G beauty business. The segment's operating income was $61.90 million in Q1 FY18 compared to $53.20 million in Q1 FY17, advancing 16.35% on a y-o-y basis.
The Professional Beauty segment's revenues were $430.50 million in Q1 FY18 compared to $59.30 million in Q1 FY17, due to acquisition of ghd and P&G's beauty business. The segment's operating loss was $1.70 million in the reported quarter compared to an operating income of $16.30 million in Q1 FY17.
Region-wise, net revenues surged over 100.00% across North America and Europe due to the acquisition of Younique and ghd. Sales in the ALMEA region jumped 74.00% on a reported basis.
Cash Matters
Coty had cash and cash equivalents of $944.60 million on September 30, 2017, compared to $403.00 million on September 30, 2016. The Company had net outflow from operating activities of $8.90 million in Q1 FY18 compared to a net outflow of $6.00 million in Q1 FY17. On August 22, 2017, Coty declared quarterly cash dividend of $0.125 per share, paid on September 14, 2017, to shareholders on record date of September 01, 2017. The Company also declared a dividend of $0.125 per share to be paid on December 14, 2017, to shareholders of record as of November 30, 2017.
Outlook
For second quarter fiscal 2018 (Q2 FY18), Coty anticipates earnings of $0.23 per share and for third quarter fiscal 2018 (Q3 FY18), Coty anticipates earnings of $0.16 per share.
Stock Performance Snapshot
December 22, 2017 - At Friday's closing bell, Coty's stock marginally advanced 0.91%, ending the trading session at $19.93.
Volume traded for the day: 2.05 million shares.
Stock performance in the last month – up 17.37%; previous three-month period – up 22.72%; past twelve-month period – up 6.41%; and year-to-date – up 8.85%
After last Friday's close, Coty's market cap was at $14.80 billion.
The stock has a dividend yield of 2.51%.
The stock is part of the Consumer Goods sector, categorized under the Personal Products industry. This sector was flat at the end of the session.
Active-Investors:
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Active-Investors
