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    Chris Terry

    Director and Senior Equity Analyst at Wells Fargo & Company

    Chris Terry is a Director and Senior Equity Analyst at Wells Fargo & Company, specializing in specialty finance, mortgage REITs, and financial services sectors. He covers key companies such as Starwood Property Trust, Redwood Trust, Ellington Financial, and Chimera Investment, with a notable performance record including a TipRanks analyst ranking within the top quarter and a success rate exceeding 65%. Terry began his equity research career in 2010 and previously held roles at Morgan Stanley and Oppenheimer before joining Wells Fargo in 2017. He holds FINRA Series 7, 63, and 86/87 registrations and is known for his insightful analysis in structured finance and real estate investment vehicles.

    Chris Terry's questions to COTY (COTY) leadership

    Chris Terry's questions to COTY (COTY) leadership • Q4 2025

    Question

    Chris Terry from Wells Fargo inquired about cash flow commitments over the next several years, including swaps and debt refinancing. He also asked about the profitability aspirations for the Consumer Beauty division and the company's tolerance for potential revenue impacts to achieve those goals.

    Answer

    CFO Laurent Mercier emphasized that deleveraging remains the top priority, with FY26 cash flow expected to increase. He mentioned a new forecasting tool will improve inventory management and confirmed they are actively working to refinance the 2026 debt maturity. Regarding Consumer Beauty, Mercier stated that improving its low profitability is a key mandate. This involves a full review of the value chain and may require making trade-offs that could impact net revenue to prioritize profit.

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