Coty (COTY) Tops Q3 EPS by 16c; raises guidance

Coty (NYSE: COTY) reported Q3 EPS of $0.19, $0.16 better than the analyst estimate of $0.03. Revenue for the quarter came in at $1.29 billion versus the consensus estimate of $1.23 billion.

GUIDANCE:

Coty sees FY2023 EPS of $0.38-$0.39, versus the consensus of $0.37.

Coty now expects FY23 revenues for the core business, adjusting for the impact of the Russia exit, to grow 9-10% LFL which reflects a significant increase from the Company\'s original outlook for 6-8% core LFL growth.

For earnings history and earnings-related data on Coty (COTY) click here.

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