Coty Inc. reported a wider-than-expected adjusted loss for the fourth quarter of fiscal 2026, while net revenues rose 1% to $1,269.2 million and beat consensus estimates. The adjusted loss of two cents per share compared with a loss of five cents a year earlier but missed the Zacks Consensus Estimate of a one-cent loss, sending shares down more than 5%. Prestige revenues increased 1% to $771.8 million, representing 61% of total sales, while Consumer Beauty revenues advanced 1% to $497.4 million. Adjusted operating income fell 42% to $39.5 million, and adjusted EBITDA declined 26% to $93.6 million. Coty also agreed with Kering on an early transition of the Gucci Beauty license, receiving $250 million at signing and up to $180 million more by September 30, 2027.
Coty IncWider-than-expected Q4 loss and 42% drop in adjusted operating income sent shares down over 5%.
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Kering SACoty agreed to early transition of Gucci Beauty license, with Kering paying $250M at signing and up to $180M more by 2027.
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