Coty reports FY26 Q4 revenue $1.269B, FY26 revenue $5.807B; free cash flow $348M

Coty reported fourth-quarter fiscal 2026 net revenues of $1,269.2 million, up 1% year-over-year on a reported basis (down 1% LFL), and full-year net revenues of $5,806.6 million, down 2% reported (down 5% LFL). The company reported a Q4 reported operating loss of $42.7 million and an adjusted operating income of $39.5 million; FY26 adjusted operating income was $626.7 million. Coty generated operating cash flow of $537.8 million and free cash flow of $348.2 million for FY26 while continuing portfolio simplification actions and announcing an early transition of the Gucci Beauty license.

Financial Highlights

• Revenue (Q4 FY26): Net revenues $1,269.2 million, +1% reported; Like-for-like (LFL) down 1% (Q4 headwind ~1% from Middle East conflict).
• Revenue (FY26): Net revenues $5,806.6 million, down 2% reported and down 5% LFL.
• Gross profit and margin: Q4 gross profit $772.7 million with reported gross margin 60.9% (adjusted gross margin 60.9%); FY26 gross margin 62.9% (adjusted 63.0%).
• Operating income: Q4 reported operating loss $(42.7) million; Q4 adjusted operating income $39.5 million. FY26 reported operating loss $(81.5) million; FY26 adjusted operating income $626.7 million.
• Net income / EPS: Q4 reported net loss attributable to common shareholders $(144.3) million and reported diluted EPS $(0.16); Q4 adjusted net loss per diluted share $(0.02). FY26 reported net loss attributable to common shareholders $(618.0) million; FY26 adjusted diluted EPS $0.21.
• Cash flow and leverage: FY26 cash flow from operations $537.8 million; FY26 free cash flow $348.2 million. Total debt as of June 30, 2026 $3,088.2 million; Financial net debt $2,912.1 million (financial leverage ~3.4x net debt to adjusted EBITDA).

Business Highlights

• Strategic framework: Coty.Curated entered execution with rightsizing of commercial organization and Consumer Beauty R&D and global brand marketing to improve agility and accountability.
• Portfolio actions: Monetized remaining stake in Wella for $750 million (Dec 2025) and reached agreement to transition Gucci Beauty license early to Kering for $400 million plus inventory proceeds; Coty will continue to operate Gucci Beauty through at least June 30, 2027.
• Prestige performance: Prestige represented 61% of Q4 sales ($771.8 million); key brand momentum and launches included BOSS Bottled Beyond, BOSS Bottled Beyond for Her (FY27 plan), Calvin Klein Euphoria Elixirs, Burberry Goddess activity, and expansion of Marc Jacobs Beauty into Sephora store footprint and Travel Retail.
• Consumer Beauty progress: Consumer Beauty (39% of Q4 sales; $497.4 million) showed early sell-out improvements for CoverGirl and Sally Hansen in the U.S.; Coty is simplifying color cosmetics innovation cadence and SKU base to focus on higher-impact launches and hero products.
• Operational priorities & cost actions: Company identified FY27 "big bets" and will amplify consumer engagement, optimize AI platform visibility, implement significant fixed-cost reduction program to mitigate FY28 headwinds from Gucci exit, and continue strategic review of Consumer Beauty with final decisions expected by end of calendar 2026.

Original SEC Filing: COTY INC. [ COTY ] - 8-K - Aug. 19, 2026