NYSE$COTY
Coty Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Results were in line with expectations, showing strong progress on gross margin and cash flow.
Coty Inc. reported financial results for the second quarter of fiscal year 2020, ended December 31, 2019. The results were in-line with expectations and underpinned by strong results in gross margin and free cash flow generation.
- 2Q20 net revenue decreased 6.6%, with 1.4% organic LFL decline
- LFL growth in Luxury and Professional Beauty was offset by a decline in Consumer Beauty
- 2Q20 adjusted operating income of $325.0 million grew 1% YoY
- Adjusted EPS of $0.27, rose 13% YoY, including a one-time tax benefit of $0.015 per share
Headline financials
Revenue & EPS history
Coty · Revenue · Quarterly
$2.35B
Revenue by segment
Coty · $1.82B total across 2 segments · Q2 2020
- Prestige$1.02B-0.1%56.0%
- Consumer Beauty$800M-17.4%44.0%
Forward guidance
The FY20 outlook remains unchanged:
Tailwinds
- Net Revenues: Stable to slightly lower LFL
- Adjusted Operating Income: 5-10% YoY growth, at constant FX and portfolio scope, after increased working media investment behind our brands
- Adjusted EPS: Mid-single digit growth
- Free Cash Flow: Moderate improvement YoY
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
+0.2%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+1.8%
Avg return
30 days after
44%
23 / 52 earnings
Positive
+36.8%
Q2 2019
Best reaction
-25.8%
Q1 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +3.9% | -9.4% | -23.4% | |
| Q2 2026 | -14.5% | -19.7% | -24.8% | |
| Q1 2026 | -0.8% | -5.6% | -8.7% | |
| Q3 2025 | -11.6% | -3.1% | -2.9% | |
| Q2 2025 | -9.3% | -17.6% | -19.8% | |
| Q1 2025 | -3.8% | -2.4% | +0.9% | |
| Q4 2024 | +6.1% | +4.3% | -1.7% | |
| Q3 2024 | -4.3% | -3.7% | -12.8% | |
| Q2 2024 | -3.2% | -3.6% | +3.7% | |
| Q1 2024 | +1.8% | -0.6% | +18.4% | |
| Q4 2023 | +2.6% | +0.5% | +11.9% | |
| Q3 2023 | -3.7% | -7.3% | -2.6% | |
| Q2 2023 | -0.2% | +7.9% | +3.6% | |
| Q1 2023 | -5.2% | +11.2% | +14.9% | |
| Q4 2022 | +7.4% | +5.7% | -0.1% | |
| Q3 2022 | -13.3% | -9.6% | -1.1% | |
| Q2 2022 | +12.2% | +8.6% | -5.6% | |
| Q1 2022 | +16.4% | +16.4% | +10.5% | |
| Q4 2021 | +15.6% | +18.7% | -2.7% | |
| Q3 2021 | -10.9% | -13.4% | -14.9% | |
| Q2 2021 | -17.3% | -14.6% | +11.5% | |
| Q1 2021 | +33.2% | +38.6% | +132.0% | |
| Q4 2020 | -3.6% | -6.8% | -29.9% | |
| Q3 2020 | -16.7% | -36.7% | -0.8% | |
| Q2 2020 | +13.6% | +12.5% | -19.2% | |
| Q1 2020 | +13.4% | +8.4% | +3.6% | |
| Q4 2019 | +6.2% | +8.5% | +19.7% | |
| Q3 2019 | -5.6% | -4.2% | +10.4% | |
| Q2 2019 | +36.8% | +58.2% | +55.8% | |
| Q1 2019 | -25.8% | -22.6% | -32.9% | |
| Q4 2018 | -5.5% | -3.4% | +4.9% | |
| Q3 2018 | -8.8% | -11.0% | -12.6% | |
| Q2 2018 | +13.6% | +17.6% | +11.0% | |
| Q1 2018 | +10.5% | +14.8% | +20.5% | |
| Q4 2017 | -14.4% | -16.1% | -18.2% | |
| Q3 2017 | +9.9% | +7.5% | +5.1% | |
| Q2 2017 | -8.8% | -3.8% | -4.7% | |
| Q1 2017 | -15.3% | -16.7% | -12.5% | |
| Q4 2016 | -6.9% | -3.6% | -18.2% | |
| Q3 2016 | -12.2% | — | — | |
| Q2 2016 | +14.0% | — | — | |
| Q1 2016 | -4.8% | — | — | |
| Q4 2015 | +3.1% | — | — | |
| Q3 2015 | -1.4% | — | — | |
| Q2 2015 | +15.6% | — | — | |
| Q1 2015 | +6.6% | — | — | |
| Q4 2012 | -4.6% | — | — | |
| Q4 2014 | -4.6% | — | — | |
| Q3 2014 | +3.4% | — | — | |
| Q2 2014 | +3.4% | — | — | |
| Q1 2014 | -2.7% | — | — | |
| Q4 2013 | +0.8% | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — | |
| Q4 2011 | — | — | — |
Discussion
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