Coty has raised its FY24 LFL revenue growth forecast to 9%-11%, up from the previous 8%-10%. The company also expects 1H FY24 LFL revenue growth of 11%-13%, an increase from the previous 10%-12%. Coty is targeting FY24 adjusted EBITDA margin expansion of 10-30 bps on the stronger revenue outlook. The company now sees FY24 adjusted EBITDA of $1,080-1,090M, above its recently raised EBITDA outlook of $1,075-1,085M. Coty plans to execute a 27 million share buyback in Q3 via its first equity swap and a 23 million buyback in FY25 via its second equity swap.