It's a girl…again! Drew Barrymore has confirmed that she is expecting another girl. The actress' firstborn, daughter Olive, is 14 months old and she will have a little sister on which to dote.

Barrymore, 38, revealed the good news at the 2013 Beauty Inc Awards in NYC. She launched her own FLOWER cosmetics brand at Walmart after spending years as one of the faces of CoverGirl and was honored for her efforts as "Newcomer of the Year: Mass" for her line.

While accepting the accolade, the actress confirmed that her bundle of joy will be pink.

"Thank you to WWD Beauty Inc for awarding FLOWER Beauty," Barrymore, who is married to Will Kopelman, said during her speech. "I am so proud to accept this in celebration of women, including my daughter and my future daughter."

And there you have it -- the big reveal.

Aw! We can't wait to find out what Barrymore names Little Girl No. 2. Actually, in the Kopelman family, the baby is referred to adorably as "Chanel No. 5," since she is the fifth grandchild in the clan and of grandpa Arie Kopelman, Barrymore's father-in-law and the former chairman of Chanel! Cute, right?