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- Goodwill And Trademark Impairments (new) — $362.8M in impairments ($237.1M Consumer Beauty goodwill, $125.7M trademarks) triggered by stock price declines and reduced forecasts; remaining goodwill and trademarks at high risk of further impairment with minimal cushion.
- Securities Litigation (new) — Two putative class actions and three derivative lawsuits filed March-May 2026 alleging false/misleading fiscal 2026 earnings guidance; consolidated amended complaint due August 31, 2026.
- Interim Ceo (new) — Markus Strobel appointed Interim CEO effective January 1, 2026, following Sue Nabi's departure; five new independent directors added March 2026 during strategic review period.
- Talc Litigation Escalation (worsened) — Settlement expense more than doubled from $22.6M to $53.2M; risk factor now warns settlements have increased substantially year-over-year and are expected to continue increasing due to rising case volumes and settlement demands.
COTY: revenue $5.81B, net income -$604.8M. Coty swings to operating loss on impairments; exits Gucci license early
Filed August 20, 2026 · Period ending June 30, 2026 · Compared to 10-K Aug 21, 2025 · ~2 min read
Key Changes
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Subsequent event: On July 7, 2026, the Company entered into a License Termination and Transition Agreement (the “Termination Agreement”) to transition the Gucci Beauty license back to Kering. Pursuant to the terms of the Termination Ag…
Notes: Subsequent Events verify on EDGAR → -
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Operating income swung from $241.1M profit to $81.5M loss, driven by $362.8M in asset impairments ($237.1M goodwill for Consumer Beauty, $125.7M trademarks including CoverGirl and Sally Hansen) triggered by stock price declines and reduced forecasts.
MD&A: Operating Results verify on EDGAR → -
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Company expects revenue and net income decline in fiscal 2028, partially offset by planned launches.
Subsequent Events verify on EDGAR →
3 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 24, 2026 · How we verify