2024-07-13 07:44:41 ET
Summary
- COTY is one of the world's largest beauty companies, with a portfolio of well-known brands.
- Its historical financials have shown robust top-line growth and adjusted EBITDA margin over the past 3 years. It continued to report revenue growth in 3Q24, driven by both segments.
- The company is focused on accelerating its prestige division to capture the high-growth prestige beauty market and drive overall growth.
- COTY is committed to reducing debt levels and achieving a leverage ratio of ~2x by 2025. Over the last 4 years, its leverage ratio has decreased by ~4x.
Synopsis
Coty Inc. ( COTY ) is one of the largest beauty companies in the world and owns a portfolio of renowned brands. COTY’s historical financials have demonstrated strong top-line growth. Additionally, its profitability margins over the same period expanded annually as well. For its most recent quarter, it continues to report net revenue growth driven by growth in both of its reportable segments....
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For further details see:
Coty: Growing U.S. Beauty Industry