continued I first with Sue. very of pace strong you, Thank our our profit pleased which am very quarter results, growth.
Importantly growth motion. is of cycle our in now [Indiscernible]
from gross strong in continue by our driven momentum. was profit thereby to improvements, top margin to margin quarter. line our last allowing fueling increased XX.X% initiatives, of our XXX quarter growth consecutive our with gross XXX adjusted above and further us strategic QX Our year, growth XX%. points gross gross marks performance, Starting of These by margin from nearly reinvest basis margin point third basis last
by well and cost mix reduction margin the program. categories, lower within management, performance favorable outside both growth and excess as pricing sales, material and revenue was supply absorption driven chain from fixed increased of product favorable the Our on [Indiscernible], mix, gross productivity, Prestige, costs as
and on focused driving continue come. this both gross years expansion, year We to the be in further to margin very
will and of a place, shifts. growth have clear, margin mix benefit have [Indiscernible] category, from in multi-pronged, channel, regional we is growth. we we expect positive expansion while such, multi-year cycle gross the key margin sales The profit we and As continue created plan also to towards very X attack
chain of over across both our pressure, as drivers where is business is industry, well. accretive procurement a to that our so conversations and margin and topic result channels, categories, innovation. and component say dominating bottlenecks supply inflationary of agility navigating far the driving model, as and I chain all we teams, the supply structure of our environment are uncertain well Coty are gross pleased quite am shortages of through While This
in guidance the key note anticipated has protected also which full-year avoid on outlook and growth well congestion, labels raise deliver allowed than of and market majority us very supply us as isolated the time, have as it us the our range these which which months. and region is that of proactively has to which similar when strong such majority of our The margin points highs spot be and higher as service quarter constraints to demand, to rather increased proving sourcing increase implemented decision despite our chain for constraints. advance in in is same QX likewise to the pumps, for year, seen On freight potential a over-deliver certain the expansion than basis bottlenecks price the the And teams dual excessive design and business largely manufactured enabling to net our our periods, time capacity global XXX of is important to which components, 'XXs paper, it the effort sales from guidance. of QX contract, transportation recent lead proactively is freight silicone, inventory our result than port is of in in under vast -- business. sold, sales context both teams prior close that At the our was of mid consumption is actually fragrance service is in proactive year-on-year. all initially protect where higher level in our and And initiatives, to protects effective. freight we all safety stocks is While freight, our secured our
Beauty, HX we benefit 'XX, proper by While inflation of option manageable, improved Prestige impact Prestige and in materials production do to the volumes, Consumer expand absorption and expect revenue and impact from higher year the is quite submit margin of a expanding freight to the to we 'XX. initiatives our productivity and Fueled broader continue higher mix, somewhat both from management as fiscal efforts. in expect in in be gross
primarily During working we the sales was more A&CP by level with stepped-up year-on-year. investments. of doubled which our year-over-year QX increase was the consistent ago. level driven QX, significantly maintained year and XX% media, approximately a above The XX% marketing than of
being Importantly, we deployment. investing the nimble opportunity our vigilant in highest and ROI in remain resort in
success more during the the our You in from progress driving Sue quarter. regarding growth will details of hear and
where me our putting let dollars highlight quarter. few the we were during marketing However, a areas
launched we very our busy a Floral the and had Gardenia, We calendar Defy Hero, quarter performance. showed strong Klein contributed First, These among Gucci to success Burberry and launch Calvin Kylie Prestige. others. tremendous in Cosmetics, quarter, in the particularly launches of within the relaunch
overall, fuel to including makeup Prestige continue into and Asia. and markets, our We categories new expansion
cost further behind and our continue promise results stabilization. In CoverGirl, Finally, drive also Factor, and repositioning which [Indiscernible] Rimmel, of we business Consumer investment marketing Beauty growth supporting profit Max through Coty to invest to production.
of fixed our the target X% declined in $XX reinvest to sufficient year-over-year. brands cost deliver by to during the achieved savings flexibility of QX fixed primary of track XX delivery quarter a Recall achieve approximately trade yet critical investments. were lower with our cost during P&L see this reinstating front-loaded growth 'XX. pillars. and During period. savings well cost enable our we these holiday behind it, We in bonuses, profit, costs, in of costs fiscal inflation, to savings, our million remain organizational and The $XX net on of We drivers over savings structural reinvestment fiscal million
reinvestment not So, that this include in it's does important to note intended A&CP. our
track to beyond of million we we savings reach And total continue fiscal of 'XX total identify $XXX to on nearly a achieved also now our of fiscal have 'XX. $XXX well savings. of remain We savings, while million target projects
profit delivery to in Moving QX.
model. in the sales above by This margin margin of a continue fixed This this in XX% quarter Our was seller and year. ahead. the the million. adjusted basis growth, increasing strength gross resulted strong further revenue last quarter -- both to profitability XXX target the exceptionally first leverage. performance driven growth our cost XX% strategy we market and of is years was And performance evidence our robust business both $XXX year-over-year improvement EBITDA significant strong in over and quarter, We to points expansion, of believe up
included million, EBITDA tax equates our XX% line $XX million, expense the following to in our which income QX depreciation of $XX $XXX of of EPS a drivers, now approximately adjusted tax to million, for Turning rate which expectations. of with
than and the As with $XX very accounting our in conversions are KKR jurisdictions associated those and are noted, that this in higher million higher were shares year role QX. preferred of September. of a common we first into dividends. global dividends as accrued million item was of $X principal rate in due expect Please this their preferred of high given U.S. to the adjusted in a transaction At typical requirement note dividends level, part previously now tax Amsterdam we
As ended our at a result, $X.X. QX adjusted EPS diluted
Wella's EPS, rose our included adjusted in value the $XXX While million. during not by quarter, fair market
some context of provide the Looking ahead to EPS. to different adjusted 'XX, I drivers of and QX fiscal like would our
consistent cost balance lower expense with by quarter, refinancing. I continue $XXX what last expect we net million for to fiscal of offset reflecting somewhat said higher debt First, interest mid the in post debt the recent a 'XX
anticipate for in Second, as we effective I an mentioned, tax percentage. the fiscal previously 'XX XXs rate high adjusted
of projections a effective is there current know the tax we high However, environment. in degree uncertainty rates with
the following on forward going following $X and roughly preferred we dividends further rate no Third, anticipate actions million a announcement of with assuming this preferred KKR, shares. transaction today's conduction quarterly run
build seasonally free the Now as consumption was which being holiday key despite a we quarter for the moving cash cash quarter, flow weaker QX strongly flow to for period. typically positive inventory
quarter. capital in significantly the working improved Importantly,
strict and also costs. We continued of management CapEx one-time
free QX our million. result, a flow cash was $XXX As
QX bolstering driving this into in flow, intent beyond, well net head our as as we debts. reduction we As cash steady further and on our remain
at closer XX% of And stakes billion. Zeta, of approximately of that of to an factoring to XX% $XXX with from strong ownership billion, We non-sale in QX. billion. of Based This of stake quarter balance today's net our the X%. over we of free completion end of of ended our in billion. with at is KKR would 'XX flow, stake Turning cash financial X% the the economic been $X.XX a $X.X is quarter-end, million the approximate Zeta our valued We at net current QX October. of Zeta largely, decrease result capital now $X.XX Please a debt economic which Zeta on around business. $X.X QX ended debt the over of with a an have note a debt structure, to net own our the approximately sale
a liquidity upside as retained We valuation to in The in transactions prove our continue state. business, recent view XX% Zeta stake financial of well as the this as a stage. the
nonstrategic these to continue the reduce active will tactical and We leverage. be further monetize to in Zeta [Indiscernible] and assets opportunities
in progress make to improving continuing the we're maturity debt. Additionally, our profile of
from our We capacity fiscal the extend $X secured over and in of notes, to minimizing on billion $X.X have revolver senior issuance of successful back This risk. secured of refinancing reduce recent to is progress $X.XX strong commitments our our billion. maturity billion to previous revolver 'XX, showing
we fact, tactical deleveraging. our have In further help monetizing some by some decisions to recently made assets non-core
During resulting million divestitures QX, we in are several approximately estate proceeds. executing of real cash $XXX
in cash continue to for leverage Brazil, to regulation, strong X with flow of an times. 'XX up our reaffirm In So, offer we majority end debt partial further inflow Due In flow to net light cannot expected at monitor this It's our with of QX, of the well, this details which a will to times as Brazil partial free calendar the year ending the X 'XX, EBITDA market to conditions transaction, with to in coupled we the in of of business. in confidence local our meantime, sizable opportune IPO. QX. remain cash we financial current window to Brazilian identify IPO execute time. the volatility to economic calendar committed
capital Before our quickly the on share our transactions to the they said they're simplification touch recent like Prestige regarding I call and I would having to Sue, hand back the on structure.
some on value structure. Sheet, our shareholder profits, straight we Coty, have sales unlocking at to capital being Balance and simplifying growing For keys last our our time the deleveraging now, further seen
further clear We of have X on the path great first progress towards and these have made a improvement.
significantly our around more subsequent first the KKR are to mistake. of September, volatility. exchange understand for Coty. a shares developments These X events, no to and KKR's the particularly in that half redemption. become capital early for in lead has with shares year, offering transactions We this the million million staking place of of preferred conversion simplified structure roughly $XX approximately took Make XX% data. secondary questions combined positive During these Yet, preferred $XX
implied annually. on positive for the including other significantly of net a EPS of of cash the the can cents further initial of the the the proving the to were these with convertible for approximately value Coty, further as million while significant freeing developments we preferred brand have asset, as $XX use shares liquidity preferred well reinvest XX% of versus reduce KKR's used Conformation of lower to these However, redemption even evaluation, [Indiscernible] our or higher approximately shareholders, hang also [Indiscernible], of that behind And appreciation dividend shares several [Indiscernible]. accretion ownership.
turn Let me now it back to Sue.
