Coty Inc. Reports Q3 Sales Decline of 6%, Net Income Loss Exceeds 100%, EPS Forecast Nears Low Guidance
Coty Inc. reported its financial results for the nine months ending March 31, 2025, revealing net revenues of $4,640.5 million, a 2% decrease compared to the same period in the previous year, influenced by a 2% negative impact from foreign exchange rates. The adjusted EBITDA rose by 2% year-over-year to $204.2 million, leading to an adjusted EBITDA margin of 15.7%, a 130 basis point expansion from the previous year. A significant asset impairment charge of $212.8 million impacted the reported operating results, primarily affecting the Consumer Beauty's color cosmetics segment in the U.S. and Europe. The company's total debt at the end of Q3 stood at $3,858.8 million, with financial net debt recorded at $3,615.3 million. Coty also provided an updated fiscal year outlook, projecting an EPS of $0.49-0.50 for FY25, which is near the low end of the prior guidance range. The company expects FY25 free cash flow to be approximately $300 million, with leverage by the end of FY25 expected to be similar to the end of Q3.
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