Coty, Inc. (NYSE:COTY) Q1 2025 Earnings Conference Call November 7, 2024 10:30 AM ET

Company Participants

Sue Nabi - Chief Executive Officer
Laurent Mercier - Chief Financial Officer

Conference Call Participants

Sydney Wagner - Jefferies
Robert Ottenstein - Evercore ISI
Korinne Wolfmeyer - Piper Sandler
Anna Lizzul - Bank of America
Oliver Chen - TD Cowen
Shovana Chowdhury - JPMorgan
Olivia Tong - Raymond James
Charles Scotti - Kepler
Filippo Falorni - Citi
Chris Carey - Wells Fargo Securities

Operator

Good morning and good afternoon, everyone. My name is Angela, and I'll be your conference operator today. At this time, I would like to welcome everyone to Coty's First Quarter Fiscal 2025 Question-and-Answer Conference Call. As a reminder, this conference call is being recorded today, November 7, 2024, at 10:30 a.m. Eastern Time or 4:30 p.m. Central European Time.

Please note that on November 6, approximately 4:30 p.m. Eastern Time or 10:30 p.m. Central European Time, 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 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 the 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.

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

Question-and-Answer Session

Operator

[Operator Instructions] We'll take our first question from Ashley Helgans with Jefferies.

Sydney Wagner

This is Sydney on for Ashley. I was just wondering, can you talk about the channel shift and outperformance online? Do you expect to see a continued shift? And do you feel that there is a higher level of trust for consumers to purchase online from platforms like Amazon? Thank you.

Sue Nabi

This is Sue. So indeed, you're absolutely right to point out online as one of the [indiscernible] of the company. Today, this has become almost the biggest channel for Coty as a channel for the company and this indeed is used by retailers.com, but also by Amazon.com, and pure players also that are acting on the beauty segment.