COTY INC.

Coty Inc. held its annual meeting of stockholders where shareholders approved two key incentive plans: the Amended and Restated Coty Inc. Equity and Long-Term Incentive Plan (ELTIP) and the Amended and Restated Coty Inc. Stock Plan for Directors. The ELTIP's share reserve was increased by 50 million shares, and the Director Plan's reserve by 2 million shares. Additionally, all nine director nominees were elected, and advisory votes on executive compensation and its frequency were passed.

Coty Inc. has entered into a License Termination and Transition Agreement with Kering and Gucci, ending the Gucci Beauty license one year early on June 30, 2027. Coty will receive approximately $400 million in consideration, with $250 million already received and the remaining $150 million due by September 30, 2027. The proceeds are intended for debt reduction, reinvestment in core fragrance and beauty brands, and organizational optimization. The agreement also resolves all pending litigation related to the license.

Coty Inc. announced significant organizational changes and leadership transitions as part of its Coty.Curated strategy. Priya Srinivasan, Chief People and Purpose Officer, resigned, effective August 31, 2026. Additionally, Caroline Andreotti, Chief Commercial Officer Prestige, and Dr. Shimei Fan, Chief Scientific and Sustainability Officer, will also depart. These changes include Executive Chairman Markus Strobel taking direct control of Prestige commercial operations and the integration of Prestige R&D and sustainability with the supply chain. Séverine Charbon will join as the new Chief People and Purpose Officer effective September 1.

Coty Inc. reported net revenues of $1,281.6 million for the three months ended March 31, 2026, a slight decrease from $1,299.1 million in the prior year. The company posted a net loss attributable to Coty Inc. of $(408.1) million, compared to a net loss of $(405.7) million in the same period last year, with diluted EPS remaining at $(0.47). The operating loss widened to $(372.0) million, significantly impacted by $362.8 million in asset impairment charges. Net cash provided by operating activities for the nine months ended March 31, 2026, increased to $421.8 million.

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.