Why Beauty Company Coty's Shares Are Gaining Today
Why Beauty Company Coty's Shares Are Gaining Today
Coty Inc (NYSE:COTY) shares are trading higher after the company reported third-quarter FY24 sales growth of 8% year-on-year to $1.386 billion, beating the analyst consensus estimate of $1.371 billion.
科蒂公司（紐約證券交易所代碼：COTY）股價走高，此前該公司報告24財年第三季度銷售額同比增長8％，達到13.86億美元，超過了分析師共識估計的13.71億美元。
The sales increase was supported by high-single-digit percentage growth in all regions. LFL revenue increased 10%, supported by growth in fragrances, color cosmetics, skin care and body care. Prestige net revenues increased 8% and that of Consumer Beauty gained 6%.
銷售額增長得到了所有地區高個位數百分比增長的支持。LFL收入增長了10％，這得益於香水、彩妝、皮膚護理和身體護理的增長。Prestige的淨收入增長了8％，消費者美容的淨收入增長了6％。
Revenue in the Americas rose 8% Y/Y, and EMEA increased 7%. Gross margin expanded 190 basis points Y/Y to 64.8%, and the gross profit increased 10.7% to $897.8 million.
美洲收入同比增長8％，歐洲、中東和非洲地區增長7％。毛利率同比增長190個點子至64.8％，毛利增長10.7％，達到8.978億美元。
Adjusted operating margin was 10.4%, and the adjusted operating income increased 17.3% to $143.9 million. Adjusted EBITDA of $199.9 million climbed 10% Y/Y, resulting in an adjusted EBITDA margin of 14.4%.
調整後的營業利潤率爲10.4％，調整後的營業收入增長了17.3％，至1.439億美元。調整後的息稅折舊攤銷前利潤爲1.999億美元，同比增長10％，調整後的息稅折舊攤銷前利潤率爲14.4％。
Coty's e-commerce channel net revenue growth was nearly 20% in the third quarter. Adjusted EPS was $0.05, missing the consensus estimate of $0.06.
科蒂的電子商務渠道淨收入在第三季度增長了近20％。調整後的每股收益爲0.05美元，未達到市場普遍預期的0.06美元。
Operating cash flow for the quarter totaled $(170) million, with a free cash flow of $(234.3) million. The company held $286.2 million in cash and equivalents as of March-end.
該季度的運營現金流總額爲1.7億美元，自由現金流爲2.343億美元。截至3月底，該公司持有2.862億美元的現金及等價物。
The company's financial net debt as of March-end, totaled $3.71 billion compared to $3.31 billion on December-end.
截至3月底，該公司的財務淨負債總額爲37.1億美元，而12月底爲33.1億美元。
"Our Q3 results reinforce Coty's established track record of delivering results ahead of the beauty market and ahead of expectations, and once again illustrate that we are executing on our imperative to drive balanced portfolio growth," said CEO Sue Nabi.
首席執行官蘇·納比表示：“我們第三季度的業績鞏固了科蒂在取得領先於美容市場和超出預期的業績方面的良好記錄，並再次表明我們正在履行推動投資組合平衡增長的當務之急。”
Outlook: Coty expects FY24 LFL revenue growth to be at the high end of its prior guidance range of +9% – 11%, which includes expectations for low-to-mid single-digit percentage LFL revenue growth in the fourth quarter.
展望：科蒂預計，24財年LFL收入增長將處於先前指導區間+9％至11％的最高水平，其中包括對第四季度LFL收入增長的低至中等個位數百分比的預期。
The company still sees FY24 adjusted EBITDA of $1.08 billion – $1.09 billion. Coty sees FY24 adjusted EPS to be at the higher end of $0.44-$0.47, with an estimate of $0.45.
該公司仍預計24財年調整後的息稅折舊攤銷前利潤爲10.8億美元至10.9億美元。科蒂預計，24財年調整後的每股收益將達到0.44美元至0.47美元的較高水平，估計爲0.45美元。
Price Action: COTY shares are trading higher by 3.83% at $11.94 in premarket at the last check on Tuesday.
價格走勢：在週二的最後一次盤前交易中，COTY股價上漲3.83％，至11.94美元。
譯文內容由第三人軟體翻譯。