Coty Inc. (NYSE:COTY) Q2 2023 Earnings Conference Call February 8, 2023 8:15 AM ET

Company Participants

Sue Nabi - Chief Executive Officer

Laurent Mercier - Chief Financial Officer

Conference Call Participants

Nik Modi - RBC Capital Markets

Sydney Wagner - Jefferies

Anna Lizzul - Bank of America

Rob Ottenstein - Evercore ISI

Steve Powers - Deutsche Bank

Korinne Wolfmeyer - Piper Sandler

Olivia Tong - Raymond James

Andrea Teixeira - J.P. Morgan

Chris Carey - Wells Fargo Securities

Linda Bolton-Weiser - D.A. Davidson

Mark Astrachan - Stifel

Carla Casella - J.P. Morgan

Operator

Good morning, and good afternoon, everyone. My name is Gretchen, and I'll be your conference operator today. At this time, I would like to welcome everyone to Coty's Second Quarter Fiscal 2023 Question-and-Answer Conference Call.

As a reminder, this conference call is being recorded today, February 08, 2023. Please note that earlier this morning, Coty issued a press release and prepared remarks webcast, which can be found on its Investor Relations website.

On today's call are Sue Nabi, Chief Executive Officer; and Laurent Mercier, Chief Financial Officer.

I would now like to remind you that many of the comments today may contain forward-looking statements. Please refer to Coty's earnings release and the reports filed with the SEC, where the company lists factors that could cause actual results to differ materially from these forward-looking statements.

In addition, except where noted, the discussion of Coty's financial results and Coty's expectations reflect certain adjustments as specified in non-GAAP financial measures section of the company's release.

With that, we would now open the line for questions.

Question-and-Answer Session

Operator

[Operator Instructions] And our first question comes from Nik Modi from RBC Capital Markets.

Nik Modi

Hi, good morning, everyone. I guess two questions. First on just the glass and the fragrance situation. How is this impacting the innovation agenda in terms of the pipeline and the launch calendar, if you could just provide any context? And I apologize, I missed some of the earlier remarks. I had some other company's reporting. Did you provide a timeline in the prepared commentary on when you feel like you'll be fully kind of back to normal from a component standpoint?

And then, the second question is just would love your thoughts on what you're seeing on the ground in China currently? You suggested an improvement. I just was curious on some details behind some of those comments.