Quarterly ResultMay 5, 2026, 04:40 PM
Coty Q3 Net Revenue $1.28B, Operating Loss $(372)M; Impairment Charge
AI Summary
Coty Inc. announced its third-quarter fiscal year 2026 results, with net revenues declining 1% to $1.28 billion and a reported operating loss of $372.0 million, which included a $362.8 million impairment charge on its Consumer Beauty business. Despite Middle East-related disruptions, Q3 profit was ahead of expectations, supported by cost control. The company is implementing its Coty.Curated strategic framework and provided an outlook for Q4 and full fiscal year 2026.
Key Highlights
- Q3 net revenues decreased 1% to $1,281.6 million (down 7% LFL).
- Reported operating loss was $(372.0) million, including a $362.8 million impairment charge.
- Adjusted operating income declined 51% to $72.4 million.
- Reported net loss was $(411.4) million; adjusted net loss was $(27.2) million.
- Adjusted EBITDA decreased 38% to $127.0 million.
- Prestige net revenue was $830.9 million (flat reported, down 5% LFL).
- Consumer Beauty net revenue was $450.7 million (down 4% reported, down 10% LFL).
- Forecasts FY26 adjusted EBITDA of $838 million to $848 million.