morning. good and Jared, Thanks,
If XXXX slide, to sixth refer quarter titled the you fiscal fourth please will results.
combined results reported our reminder, basis. a both and are Gear City As and on Hibbett a include
increased million total comp a consolidated sales in representing came comp increase. sales at fiscal and continued increase $XXX.X XX.X% quarter, our net remained a expansion quarter the sales fourth in Brick-and-mortar million X%. to of For the platform. XX.X%. increased XX.X% E-commerce and to quarter, fourth strong in comp XXXX $XXX sales of omni-channel This compares sales comp XX.X% and sales increased
the of For quarter, fourth for compared of net sales e-commerce XX.X% sales the to accounted last year. in XX.X% quarter
in of sales improvement net expanded GAAP XX.X% This to due sales. margin the to quarter. was prior e-commerce to environment compared a basis a gross the low associated slight point of approximate Our promotional and lower store year carry sell-through, the higher initial XXX expenses. was fourth to due costs significantly XX.X% the due leverage There sales, with a of higher volume incremental shipping which occupancy offset to margin
XX.X% fourth the the expenses, depreciation XXXX. which the reported the of quarter and margin non-GAAP to consistent fourth Store gross and in administrative adjusted compared last margin XX.X% were sales XX.X% in quarter, selling fiscal amortization gross of fourth of excluding operating, year. net XX.X% was Our with a quarter in of
approximately the primarily expenses impairments, sales integration advertising, activity. basis, which terms of the asset in projects. investments associated increase. increased performing a period current increased last excluding In City growth of by with million. stores integration net prior was than increased current of income Gear the acquisition lower and quarter The was to operating profit, accelerating drivers and compensation in e-commerce organic asset variable last SG&A same driven Depreciation compares year, On significantly year's GAAP adjusted impairments opportunities costs, SG&A fourth costs in and compared $XX to amortization spend, $XXX,XXX, higher were generated and quarter. expenses volume operating XX.X% the acquisition the in these benefits, associated closure increase of with advertising employee capital adjusted year expenses to infrastructure the on XX.X% higher and due and sales we of were million main year the of quarter $X.X reflecting dollar of poor and
was cash Excluding last of or earnings all profitability the in fiscal flow GAAP $XX.X million million X.X% operating operating XXXX. strong in adjusted per non-GAAP $X.XX, fourth a year's share to income sales per our quarter. months, operating non-GAAP adjustments this quarter we of quarter, of for driven during of by quarter the income share were the million fourth the $XX.X compared were fourth and $XX.X for $X.XX and generated bounce earnings over three reduction
which spent We to expenditures, $XX the flow million were million In cash seventh now from stores. operating capital our forward billion e-commerce were expenditures On sales year, million. the is Comp billion $X.XX represented approximately full relocated to results. XX.X%. $XX.X quarter largely In XXXX have a XX.X% fourth full brick-and-mortar sales slide, in with fiscal on capital $X.XX last e-commerce also year approximately to fiscal year XXXX. comp year. total $X.X titled I'll new and related sales a in and were move remodeled prior XX.X% you XXXX, sales of and XX.X% fiscal basis sales basis, year to net compared XX.X% increased XX.X% sales growing comp expanding full
Our for the fourth fiscal by last net XX.X% was driven GAAP to factors XXXX margin the quarter. of compared XX.X% previously year, gross same in sales noted
XXXX. XX.X% basis, and Excluding but strategic acquisition this increased revenue to year, year's to the modest for City sales fiscal for store recent last million, the was the Leverage GAAP amortization, of $XX.X net relocated million of current share and equal compared excluding for X.X% of prior initiatives prior operating $X.XX inventory non-GAAP decline. to the all $XX.X margin strategic to year. adjusted per operating was in million XXXX, were share in per XX.X% SG&A and sales both SG&A earnings sales in million alignment generated fiscal in the to a flow the that non-GAAP generated profit integration year and a million years, the impairment costs goodwill years, compared sales year operating incurred for $XXX.X current In fiscal the excluding XX.X% XXXX, XXXX operating primary focus to XX.X% We income this And fiscal $X.XX of we costs last incurred prior last to most of of adjusted and capital reserve stores opportunities. we in new On last $X.XX compared were compared driver XX.X% was earnings gross with profitability for in profit XX.X% produced depreciation, year, fiscal inclusive will fiscal XX% GAAP expenses, $XX.X year. Gear in year year million adjusted $XX.X net $XXX.X was compared from or for were year. year to Adjusted cash year. profit compared spent both remodeled net year, incremental for sales. current generate believe on of and this other of operating in XXXX $X.XX adjustments compared adjustments
operating For flow and fiscal cash were million expenditures was $XX.X capital XXXX, $XX.X million.
Turning cash equivalents with to year ended currently million and ago, versus a year $XX.X cash $XXX.X million We the balance sheet. the and debt-free. in remain we
we borrowing brick-and-mortar $XX both do capacity under $XXX sales credit not ending from of quarter continued fourth and quarter anticipate XXXX million available drove just management's The on authorized and discretion. year-over-year to for year's share at decline us, authorization the Inventory online shares channels, the projections. January cash balance. repurchases have in to need supply secured over million decrease. repurchase the of We chain future addition share but have last through the purchased our remaining line XX.X% constraints XXX,XXX in at to plan, approximately the in We based $XXX current ended million, during a under borrow the ongoing strong XX,
guidance I’ll slide, Now our titled XXXX on updated review eighth future. the fiscal
by Our factors. anticipated multiple are XXXX results fiscal for influenced
fiscal have earlier, drive continued attract omni-channel customers e-commerce will government and pent new demand, market best-in-class across up due mentioned we to our to continue Mike XXXX disruption retain payments, of year As stimulus and adoption platform. growth consumer throughout
help targeted Our Other also sales of and initiatives strong expected business. by take vendor in merchandising as relationships chain growth increase team resulting and well. will selling the should supply advantage purchases a drive
continue challenges on ongoing COVID-XX the environment, the XXXX. potential the and labor posed stimulus business and and experience are business by we we model and trends tax pandemic we can payments to experienced legislation, we to regarding our continue uncertainty While in further capitalize in confident feel fiscal
comparison we As in this guidance are to providing fiscal GAAP fiscal limited XXXX. XXXX a result, for
digits will should represent reminder, relative during expect range a we to progresses, sales And quarter. basis the decline expect single Sage the benefit the a XXX from comp low XXX year, have easiest Gross the as negative comp. before of positive JCPenney will single from last First, low to digits, face first year and stores quarter the experience to full and will approximately year headwinds we as performance on third to of some basis. to see the points a margin closure
incremental a assumption the XX% anticipated SG&A average to the effective approximately range of XX $XX believe and we sales material results projects and a believe be million throughout will to will will $XX organic our and the $X anticipate tax be to the also to course ranging $XX that is these Diluted anticipate invest From leverage $X.XX, with between and percentage the lead will will new We the customers, weighted from our not results we modest that the consumer to that sales allocation enhance of non-GAAP perspective, can do We difference basis capital points. year. X over our million strategic We our with count diluted we be modernize generate will in opportunities to EPS plan and the of growth year decline that experience on as and approximately million. infrastructure and enhance processes. GAAP investments and an back share stores office also distribution forecasted efficiency. online the rate be on track technology profitability, in that
allocate share $XXX to expenditure our addition capital to remaining capital under our currently, plans, authorization. have repurchase tend we opportunistically and million approximately share In repurchases,
to attendance compelling Operator, customer our first concludes We will take open our that insight Investor longer-term your and and look event. that culture, centric product line forward providing on will into be please additional and That Day at June formal prepared targets offerings for XX. remarks. place the financial our We operational during questions.
