Earnings Review and Free Research Report: Acquisition Boosted Coty's Q4 Top-Line; Beat Estimates

Research Desk Line-up: Lifevantage Post Earnings Coverage

LONDON, UK / ACCESSWIRE / September 11 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Coty Inc. (NYSE: COTY), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=COTY, following the Company's announcement of its financial results on August 22, 2017, for the fourth quarter of the fiscal year 2017 (Q4 FY17) and for the full year 2017 (FY17). The New York-based Company's quarterly net revenue surged more than 100% on acquisitions, beating Wall Street's consensus estimates. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

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Get more of our free earnings reports coverage from other constituents of the Personal Products industry. Pro-TD has currently selected Lifevantage Corporation (NASDAQ: LFVN) for due-diligence and potential coverage as the Company reported on September 07, 2017, its financial results for Q4 FY17 and full year FY17 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Lifevantage when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on COTY; also brushing on LFVN. With the links below you can directly download the report of your stock of interest-free of charge at:

http://protraderdaily.com/optin/?symbol=COTY
http://protraderdaily.com/optin/?symbol=LFVN

Earnings Reviewed

In Q4 FY17, Coty reported net revenues of $2.24 billion compared to $1.08 billion recorded at the end of Q4 FY16. Net revenue numbers topped market expectations of $2.17 billion for the reported quarter. Meanwhile, excluding the positive contribution from the acquisitions of GHD and Younique, combined Company's organic quarterly net revenues declined 3% y-o-y on a constant currency basis during Q4 FY17.

The beauty products Company reported a net loss $304.8 million, or $0.41 loss per diluted common share, in Q4 FY17, compared to a net loss of $31.0 million, or $0.09 loss per diluted common share, in Q4 FY16. The Company's adjusted net loss came in at $3.4 million, for Q4 FY17 versus adjusted net income of $45.7 million, or $0.13 per share, in Q4 FY16.

Coty's full year FY17 net revenues increased by 76% to $7.65 billion y-o-y from $4.35 billion in FY16. The Company's reported a net loss of $422.2 million, or $0.66 loss per diluted share, in FY17, versus net income of $156.9 million, or $0.44 per diluted share, in the FY16. Furthermore, adjusted net income fell to $408.5 million, or $0.63 per share, during FY17 from $485.2 million, or $1.37 per share, in FY16.

Operational Metrics

In the quarter ended June 30, 2017, Coty's adjusted gross profit improved to $1.39 billion, or 62.1% of net revenues, from $622.7 million, or 57.9% net revenues, in the year ago same period. For Q4 FY17, adjusted operating income came in at $90.1 million, or 4.0% of net revenues, versus $94.2 million, or 8.8% of net revenues, reported in the previous year's corresponding period.

Segment Performance

During Q4 FY17, Luxury segment's net revenues were $648.0 million, up 61% from the $403.2 million reported in the last year's comparable period. However, the segment's adjusted operating income came in at $10.0 million, or 1.5% of segment revenues, for Q4 FY17 compared to $29.1 million, or 7.2% of segment revenues, in the prior year's corresponding quarter.

Coty's Consumer Beauty generated net revenues amounting to $1.13 billion in Q4 FY17 versus $608.8 million in prior year's comparable quarter. The segment's adjusted operating income grew to $64.9 million in Q4 FY17 from $47.4 million in Q4 FY16.

Professional segment's net revenues surged to $467.3 million in Q4 FY17, compared to $63.6 million in Q4 FY16. Furthermore, the segment reported adjusted operating income of $15.2 million in Q4 FY17 versus $17.7 million in the previous year's same quarter.

Geographical Contribution

The Company's net revenues in the North American region rose to $779.5 million in Q4 FY17 from $340.2 million in Q4 FY16. Net revenues from the Europe region increased to $896.3 million in Q4 FY17 from $429.8 million in the previous year's corresponding quarter. Furthermore, ALMEA's net revenues grew 85% to $565.5 million y-o-y in Q4 FY17.

Cash Flow & Balance Sheet

Coty's net cash provided by operating activities for the year ended June 30, 2017, came in at $757.5 million, compared to $501.4 million in FY16. Free cash flow during the full year FY17 stood at $325.2 million versus $351.3 million in FY16.

The Company had cash, cash equivalents, and restricted cash balance of $570.7 million as on June 30, 2017, compared to $372.4 million at the close of books on June 30, 2016. Furthermore, net long-term debt stood at $6.93 billion at the close of Q4 FY17, up from $3.94 billion at the end of Q4 FY16.

Dividend

In its earnings press release, Coty's Board of Directors declared a dividend of $0.125, payable on September 14, 2017, to stockholders of record at the close of business on September 1, 2017.

Stock Performance

On Friday, September 8, 2017, Coty's stock closed the trading session at $16.47, climbing 0.73% from its previous closing price of $16.35. A total volume of 4.40 million shares were exchanged during the session. Shares of the Company have a dividend yield of 3.04%. The stock currently has a market cap of $12.29 billion.

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