COTY INC Reports Record Earnings for FY2023 Q4 Ending August 22 2023
August 31, 2023
🌥️Earnings Overview
COTY INC ($NYSE:COTY) reported their FY2023 Q4 earnings results on June 30 2023, with the quarter ending on August 22 2023. For this period, total revenue was USD 1351.6 million, a 15.7% year-on-year increase, and net income was USD 32.9 million, representing a 111.7% jump from the same quarter in the previous year.
Price History
On Tuesday, COTY INC reported record earnings for Fiscal Year 2023 Q4, which ended on August 22, 2023. Despite the strong financial results, stocks of COTY INC opened at $10.9 and closed at $10.7, with a decrease of 2.3% from its prior closing price of $11.0. This decrease could be attributed to the fact that the company had already enjoyed a strong run in the past couple months leading up to the release of its financial report. These results speak to the company’s ability to effectively execute on its strategic initiatives and remain focused on profitable growth.
Going forward, COTY INC will continue to focus on driving organic growth, diversifying its customer base, and optimizing its cost structure. With continued investments in research and development, the company is well positioned to build on its current success and continue to generate value for its shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Coty Inc. More…
| Total Revenues | Net Income | Net Margin |
| 5.55k | 495 | 9.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Coty Inc. More…
| Operations | Investing | Financing |
| 625.7 | -118.2 | -469.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Coty Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.66k | 8.43k | 4.64 |
Key Ratios Snapshot
Some of the financial key ratios for Coty Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.6% | -12.9% | 17.4% |
| FCF Margin | ROE | ROA |
| 7.3% | 15.4% | 4.8% |
Analysis
GoodWhale has conducted an extensive analysis of COTY INC and their wellbeing. After looking into the various financial and business aspects, we have concluded that COTY INC is a medium risk investment according to our Risk Rating system. We have detected two risk warnings present in their income sheet and balance sheet. If you would like to check out the specific warning points, then become a registered user of GoodWhale and view the full report. With our detailed reports, you can make an informed and safe decision about your investments. More…
Peers
The company’s main competitors are Marico Ltd, Veeko International Holdings Ltd, and MAV Beauty Brands Inc.
– Marico Ltd ($BSE:531642)
Marico Ltd is an Indian consumer goods company. It is one of the largest consumer goods companies in India with a turnover of Rs 13,915 crore in FY20. The company has a diversified product portfolio with brands such as Parachute, Saffola, Hair & Care, Nihar, Set Wet, and Livon. Marico’s products are present in 25 countries and the company has a strong distribution network with over 4 million outlets. Marico’s brands have a strong presence in the mass market as well as the premium segments. The company has a strong focus on innovation and has introduced several new products in the last few years. Marico’s brands are well-known for their quality and the company has a strong focus on customer satisfaction. Marico has a strong commitment to sustainable development and has been awarded the ‘Greenest Company’ in India for three consecutive years.
– Veeko International Holdings Ltd ($SEHK:01173)
Veeko International Holdings Ltd is a Hong Kong-based investment holding company principally engaged in the design, manufacture and sale of leather goods. The Company operates its businesses through three segments. The Manufacturing and Trading of Leather Goods segment is engaged in the manufacturing and trading of leather goods, including leather shoes, belts and small leather goods. The Designing, Manufacturing and Trading of Non-leather Goods segment is engaged in the designing, manufacturing and trading of non-leather goods, such as wallets, bags, key cases and others. The Retail and Franchise Operations segment is engaged in the retailing of leather goods and non-leather products through company-operated stores and franchisees. As of December 31, 2011, the Company had a total of 22 directly operated stores and 5 franchisees.
– MAV Beauty Brands Inc ($TSX:MAV)
Mav Beauty Brands Inc is a Canadian company that manufactures and markets beauty products. The company has a market cap of 16.09M as of 2022 and a return on equity of -55.48%. Mav Beauty Brands Inc’s products include cosmetics, skincare, and haircare products. The company sells its products through its website and through retailers in Canada and the United States.
Summary
COTY INC is proving to be an attractive investment opportunity after reporting their Q4 FY2023 earnings results. The company reported a total revenue of USD 1351.6 million, a 15.7% increase from the same quarter in the previous year, alongside a net income of USD 32.9 million, which is a 111.7% increase. With impressive revenue and income growth, investors can be sure that COTY INC is a financially sound company and a great investment opportunity.
Related Posts
Recent Posts
