Coty Inc. Class A (COTY) Q1 2026 Earnings Call

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WEBVTT 00:00:01.617 -- 00:00:03.580 Good morning and good afternoon, everyone. 00:00:03.580 -- 00:00:06.704 My name is Madison and I will be your conference operator today. 00:00:06.704 -- 00:00:11.911 At this time, I would like to welcome everyone to COTI's first quarter fiscal 2026 00:00:11.911 -- 00:00:16.618 question and answer conference call. As a reminder, this conference call is being recorded 00:00:16.618 -- 00:00:20.944 today, November 6th, 2025, at 9.30 a.m. 00:00:20.944 -- 00:00:24.188 Eastern Time or 3.30 p.m. Central European Time. 00:00:24.188 -- 00:00:28.073 Please note that on November 5th at approximately 4.30 p.m. 00:00:28.073 -- 00:00:33.161 Eastern Time or 10.30 p.m. Central European Time, Cody issued a press release 00:00:33.161 -- 00:00:37.826 and prepared remarks webcast, which can be found on its investor relations website. 00:00:37.826 -- 00:00:42.572 On today's call are Sue Nobby, Chief Executive Officer, and Laurent Mercier, Chief Financial 00:00:42.572 -- 00:00:44.454 Officer. I 00:00:44.454 -- 00:00:47.658 would like to remind you that many of the statements today may contain forward-looking 00:00:47.658 -- 00:00:52.544 statements. Please refer to Cody's earnings release and the reports filed with the SEC 00:00:52.544 -- 00:00:56.769 where the company lists factors that could cause actual results to differ materially 00:00:56.769 -- 00:01:01.035 from these forward-looking statements. In addition, except where noted, the discussion 00:01:01.035 -- 00:01:06.201 of Cody's financial results and Cody's expectations reflect certain adjustments 00:01:06.201 -- 00:01:10.165 as specified in the non-GAAP financial measures section of the company's release. 00:01:10.165 -- 00:01:12.768 With that, we will now open the line for questions. 00:01:12.76...