Coty (COTY) Q4 FY26 earnings call

Coty exceeded Q4 expectations with improved like-for-like sales and strong free cash flow, driven by disciplined working capital and cost savings. Fiscal 2027 is positioned as a transition year, focusing on strengthening core brands, simplifying the portfolio, and optimizing the cost structure, particularly in light of the early Gucci license exit by FY28. Management is implementing the Coty.Curated framework to drive more consistent growth and profitability, with a strategic review of Consumer Beauty ongoing.