Coty Inc. announced first-quarter fiscal year 2027 results ending September 30, 2026, with net revenues of $1,555.2 million, a 1% decline on a reported basis and a 2% like-for-like drop. Adjusted earnings per share reached $0.16, exceeding management's guidance, driven by better-than-expected sales performance and disciplined cost control. Reported operating income fell 8% to $170.4 million, while adjusted EBITDA decreased 7% to $274.2 million. Free cash flow improved significantly to $85 million, up from $11.2 million in the prior-year period, aided by working capital improvements and initial proceeds from the Gucci Beauty license exit. The company also extended its Marc Jacobs fragrance license for a 40-year duration. Coty operates as a global beauty company with a portfolio of prestige and consumer brands across fragrances, color cosmetics, and skin care.
