Coty Inc (NYSE:COTY) Q1 2024 Results Conference Call November 8, 2023 7:30 AM ET
Company Participants
Sue Nabi - Chief Executive Officer
Laurent Mercier - Chief Financial Officer
Peter Harf - Executive Chairman
Conference Call Participants
Nik Modi - RBC Capital Markets
Oliver Chen - TD Cowen
Rob Ottenstein - Evercore
Filippo Falorni - Citi
Korinne Wolfmeyer - Piper Sandler
Anna Lizzul - Bank of America
Olivia Tong - Raymond James
Andrea Teixeira - JPMorgan
Charles Louis Scotti - Kepler Cheuvreux
Chris Carey - Wells Fargo
Ashley Helgans - Jefferies
Operator
Good morning and good afternoon, everyone. My name is Todd, and I will be your conference Operator today. At this time, I would like to welcome everyone to Cody’s First Quarter Fiscal 2024 Question-And-Answer Conference Call.
As a reminder, this conference call is being recorded today, November 8th 2023, at 7:30 AM Eastern Time, or 1:30 PM Central European PM time. Please note that on November 7th at approximately 4:30 pm Eastern Time, or 10:30 pm Central European Time, Cody 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 like to remind you that many of the comments today may contain forward-looking statements. Please refer to Coty’s earnings release and 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 the non-GAAP financial measures section of the company’s release.
Question-and-Answer Session
Operator
With that, we will now open the line for questions. [Operator Instructions] Our first question will come from Nik Modi with RBC Capital Markets. Please go ahead. your line is open.
Nik Modi
I actually had a bigger picture question. Sue, when we recently met in person a few weeks ago, you were very excited about the innovation program at Coty. And I wanted to ask a more broader question about skin care and how you think about skin care holistically in the sense that topicals is one thing, but what about injectables and I’m just curious on philosophically how you think about the category going forward?
Laurent Mercier
Hi Nik thank you for your question. Indeed, as you say, the bigger and the broader picture. I think what we have shared with all you guys several times is that the skincare market, and by the way, the beauty market, generally speaking, going in the direction of the medicated beauty, and this is something that we see very, very strongly.