Strong Gross Margin Expansion
Coty reported a gross margin expansion in H1 close to 200 basis points, reaching approximately 67% by the end of Q2.
Record Low Leverage Ratio
The company achieved a leverage ratio below 3x for the first time in over 8 years, highlighting significant financial discipline.
Growth in Online Sales
Online sales have reached the $1 billion threshold, with both Consumer Beauty and Prestige divisions showing stellar growth, particularly on platforms like Amazon.
Successful Prestige Fragrance Launches
Key launches such as Gucci Flora Orchid and new Boss fragrances contributed to continued strong performance in the Prestige Fragrance sector.
Strong Sell-Out Indicators
Despite inventory challenges, the company reports strong sell-out figures, especially in the fragrance category, indicating brand health.