![]() Finally, as we are now two months into our first quarter of fiscal '22, it's quite clear that momentum is building in the business, propelled by a combination of strong Coty initiatives across fragrance and cosmetics, coupled with an improving industry backdrop. Third, we continue to make broad-based strategic progress across each of our six strategic pillars, and I will cover some of the milestones on today's call. At the same time, our consumer beauty brands grew close to 40%, driven in part by the turnaround in CoverGirl and the renewed consumer migration toward trusted brands, a trend that are underpinning the rebuilding of our consumer beauty portfolio. and China, coupled with continued expansion of our prestige cosmetics footprint. First, our fourth quarter revenue growth was ahead of expectations, fueled by double- to triple-digit growth in each region and triple-digit growth in our prestige brands as we continued to see robust prestige fragrance demand in the U.S. There are a number of key points that I want to highlight today. At the same time, Coty has clearly stepped up its beauty expertise and willing to take risk to shape the future of the beauty industry. Over the last 12 months, we have built a leadership team of beauty and transformation experts, unveiled and began executing on our multi-year strategy, completed the divestiture of Wella, significantly improved our leverage profile and overdelivered on our savings, revenue and profit objectives.It's clear that Coty is emerging as a much stronger and more nimble organization. This has truly been a transformational year for Coty. Ladies and gentlemen, with the conclusion of our fiscal '21 year, I'm very pleased by the progress we have made over the last 12 months and even more excited about the opportunities and momentum still ahead. 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. 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 these forward-looking statements. I would like to remind you that many of the comments today may contain forward-looking statements. On today's call are Sue Nabi, chief executive officer and Laurent Mercier, chief financial officer. As a reminder, this conference call is being recorded today, August 26, 2021. At this time, I would like to welcome everyone to Coty's fourth-quarter fiscal 2021 results conference call. My name is Britney, and I will be your conference operator today. ![]()
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