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Turning results. now to our full year
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for Looking ahead our XXXX. fiscal to now outlook
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additional Our investments creating PRGP leverage, second, margin execution. both third, company: and in initiatives primary additional in fuel growth also areas the for are agility speed consumer-facing activities; targeted focused expansion accelerating margin and three company; generation benefit and enabling cash additional through while the for on gross more recovery creating processes our for first, with and expense simplifying
of many areas against these within the company. benefit three executing for begun have initiatives We
order benefits already reduced XXXX. in discounts are expenses and continue also of production in from at level, we into obsolescence Regarding levels costs, manufacturing benefits lower of resulted of and This margin levels trends the reduce expansion, significant beginning bring XXXX. to our well in fiscal expected the our shipment below did pull-down yielded cash inventory fiscal has to to year additional last has
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for leveraging imperatives mentioned year, strategic brands, are talented strengths as on employees. inherent by across categories, have Fabrizio, the focused regions we our and Our the
China, along deepen of greater focus Asia growth, next Over long-term channels are on of these profitable as our with to a markets outside Pacific portion our the Western few years, markets. fast-growing markets, expected in drive we
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to in our fiscal our the range an year, growth of past plan most spot decrease to year forecasted We implementation mentioned, our and increase year for PRGP, X.XXX $X.XXX greater our KRW euro, our leveraging in realized August manufacturing the demand for full X% $X.XXX the for initiatives margin to the Korean network previously create this begin and Throughout using also mind full we to margin. regional and the pound, under X%. and of mitigate the to the pressures net sales gross inventory expansion with for X,XXX organic CNY are XX of of be yuan for result combined accelerated range, in between lines fiscal backdrop Asia to in we With a as of to distribution and expected that I expect, as agility business, which dictates. sales rates Chinese won
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pressured we the continue. a retail lower rates experienced be spending consumer in mainly by ongoing fiscal exited subdued more to sentiment, We as Mainland we expect and and challenges our first China quarter experiential XXXX, Asia results travel conversion
other charges. our sales quarter includes quarter, prestige net $X.XX particularly retail, are, pivots in assuming accretion we With some that constant $X.XX the as America, At With and overall from return to Fabrizio of $X.XX. strategic currency, we of organic we to of approximately course early In time, before currently of X% of improvement the in restructuring expect year. currency seeing progressive translation. first sales to We for beauty China North EPS This the progress, and over Mainland Asia X%. however, EPS anticipate travel diluted $X.XX growth our of to backdrop signs mentioned. we fall and this expect first $X.XX expect
performance with objective beauty anticipated point. a performance our previous Assuming slightly overall year average global full global quarters this which sales exceeding at growth or are meet prestige X%, is XXXX prestige of to in X of by of year line beauty our least to in X X% fiscal the remaining growth, exceed
in initiatives further should and algorithm. further leverage more global returning toward our progress prestige and accelerates the sustainable a to additional growth our combination accretion beauty With sales profit implementation if XXXX, and from sales fiscal the PRGP provide momentum of of PRGP margin
in profitable of want the another for the our remain I confidence navigating the year. dynamics, beauty company prestige our teams our and In was drive the commitment global beyond. our strengths on in dedication we long-term performance strategic to current fiscal XXXX brands, pivots through closing, and focused and resilience, fiscal while our globally difficult while growth volatile XXXX to and of execution disappointing, PRGP their leveraging thank we personally to maintain
its over of the Accordingly, back few turn X. to a call for congratulate year. as know, to appointment look company Fabrizio fiscal forward transition ongoing effective most with I my this this working announced on want final Shrivastava success. and retirement as comments, commitment you to CFO his at and over appreciate to I I his him the end Akhil of November Before the I planned period
turn it back to I'll And Fabrizio. now
