Coty Reaffirms Financial Outlook for Fiscal 2022

Jun 14th, 2022

Jacquelyn Mueller, associate editor, Global Cosmetic Industry

Adjusted EBITDA is expected to be $900 million in FY22. A

Adjusted EBITDA is expected to be $900 million in FY22. A

Coty has reaffirmed its outlook for both fourth quarter 2022 and fiscal year 2022.

The company continues to expect low double digits LFL sales growth in Q4, with FY22 LFL sales growth at the upper end of its guidance range of low-to-mid teens.

Adjusted EBITDA is expected to be $900 million in FY22. Adjusted EPS is on-track to be $0.23-$0.27 for FY22.

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Looking ahead, the company expects to generate more than 20% revenue growth and more than 20% adjusted EBITDA margin for full-year fiscal 2024. This includes a net revenue range of $626-635 million.