for to like continuing thanks of to execute morning, growth at high good allowing XXXX. such in global and Fran, add profitable level, to deliver Thanks, us our teams I'd a my another year to everyone.
reporting with the disclose categories includes marketing, the I'd distribution expense reflective as consolidated all Previously, all expense, administrative significant refer our full for change Before I structure expenses presenting to materials general get stores includes administrative our and well included forward. disclosure category financial as expense, which We the details. each go operating quarter. expenses, marketing aligns costs included we'll into operations. as Please general segment selling current more earnings as manner and the to which is expense other management a statement presenting and we believe we cover expenses which like of on in of to well results, made of this and in and
January. the aligned week we million XXX year the delivered to billion, adverse a reported impact $XX from with in on of an or early XXXX, results, X% net outlook. previous QX Recapping in above saw We points last sales $X.XX reporting XXrd our we basis range provided up basis,
saw reflecting also basis sales from comparable double-digit our a quarter quarter for were consecutive growth. We of up Comparable sales seventh the foreign adverse point currency. XX impact XX%,
On was and By up Americas, was EMEA XX%. sales XX% the up EMEA APAC. region, were and net basis, XX%, XX% X% in comparable up a APAC Americas sales was increased down in X% in
in XXXX. sales APAC, For comp continued the of to across comparable And spread to XXrd between foreign and EMEA see markets. Germany the store growth net and lead the was week EMEA, was we In and reported large the impact and APAC, sales In growth the driven due closures, China. way. balanced in Americas, reporting currency to by continue the U.K.
brands, sales growth, record net delivered brands the fourth of XXth consecutive brands growth Abercrombie growth up comparable grew AUR single-digit X% Hollister on year unit delivered week. of net business, increased sales. comparable low its on Within on of sales XX%. growth and sales Abercrombie Across both XXrd sales last net impact of X%. growth quarter XX% and of the the quarter Hollister net the mid-single-digit traffic we over saw
improved compared sales from operating freight Operating margin by XX.X%, to XX.X% and higher year. Operating from XX.X% was higher than was costs growing lower income year. discounts air operating as $XXX was offset times. of million last rates usage more last to to AURs of for sales, income due of $XXX margin support million, Gross delivery year quarter of margin XX.X% to the freight XX% compared last was
and while lower driven of leverage, more productivity line Operating Consistent we evenly and basis expenses, investments with general margin. marketing, with selling by fixed people. digital variable saw we sales around of the generally offsetting funding and also margin technology and expenses increased expansion increase improved and gross split XXX expense between administrative points year-to-date in in period, was growth, than
were impact XXXX the from X% up to last freight quarter and XX%. We expected The mix growth. category XX% and year-over-year seasonal year. around Within marketing, ended up licensed at inventory mix inventory into is X% inventory quarter fourth normalized dresses of that, up support For points quarter evenly units with more split product. higher cost remaining XX the first basis expenses sales are costs, carryover between from sales, relatively
XX%. $X.XX our compared The growth to was line per rate the last tax and for $X.XX was net XX% quarter in diluted share outlook or with year of income at
net the year, grew XX% sales the the level to sales the company. representing of highest For annual in $X.XX history billion,
XXrd net points balanced, sales an sales growth brands. in XX%. year, from up we basis sales of and XXXX. growth year sales approximately for XXX Net comparable week saw by the Comparable were across the regions growth impact the double-digit For adverse was driven reporting
growth Americas. XX%. brands, saw By Americas, growth net the of business, the XX% sales sales growth region, from growth came single-digit with high traffic. high brand, the in APAC. sales At total comparable Net and in comparable of unit X% delivered increased XX% majority and delivered and sales XX% of Hollister Across single-digit growth sales we EMEA AUR net of we on were XX%. the XX% of in growth brands up Abercrombie By growth
driven we around the finished sales history, grew company of the X% by was general by XX.X% year for of primarily of also XXXX. reflecting line Full for of income year points was of year. XX% compared Gross $XXX per year in margin or with income highest on operating million and share XX%. and compared XX.X% income growth XX% in with last $XX.XX diluted in XX% sales with promotions. XX.X% $XXX was selling basis compared driven target leverage Operating million effective to lower year-over-year around selling operating last to sales. year, margin our or administrative In rate the The to of of was $X.XX improvement to year improvement the at the expenses. tax expense, marketing Net XXX
the sheet. and billion. We and exited million of to the with year $XXX liquidity of cash cash approximately Moving balance $X.X equivalents
the year $XXX We also million. of ended with investments current
flow free For drove cash million. and the cash operating $XXX year, of we million flow of $XXX
shares, the around including impact debt For reduction outstanding, funded $XXX and million free X.X% net used in driving compensation. shares approximately we million the X.X repurchase a fully cash of to of eliminate share-based ending year, vesting flow
both in channel perspective, From and stores nicely digital grew a direct XXXX.
sales For around and the consistent total XX%, of around Hollister year, generally XX% digital with were XX% XXXX. Abercrombie with
XXX experiences, we XX store XX delivered and including rightsizes the new fleet, new On store stores, XX remodels.
store with XXX the closed net opener square the stores, also X-wall productivity store across a as digital last complement margin of a improvement finishing footage X.X with square year We to XXX We X% around consecutive growing by million an ended year. aggregate and fleet XXX XX saw feet, year. third We gross to A&F profitable business. stores, double-digit a operating in for XX% Hollister highly
XXXX. global to opportunities Shifting We're entering significant the ahead growth year with us. of
a we're to powerful mentioned, profitable of growth. have Fran in ability and As foundation in our year confident another we place, deliver
$X.XX XX full in currently expect X% a the full and foreign We the in to we with year brands. currency. from net of growth sales adverse range year, across anticipate expected For from billion basis growth impact point X% regions XXXX
range We expect in of year XX%. the XX% margin operating full to
normalized freight the second costs carryover year. will expected from higher more and lower benefit the expect than be selling, half last freight half inventory adversely We by impacted first will year-over-year and
China, outlook on our in effect. U.S. currently tariffs, includes and Canada For Mexico tariffs
of We expect a around XXXX $X impact million.
not does outlook tariffs. potential any Our include other incremental
a XX%. We tax are around forecasting rate
earnings of share share, expect range which of diluted XX to shares tax average per For the incorporates Combined earnings around anticipated expect per $XX.XX with repurchases. impact in rate, weighted of $XX.XX. we we XXXX the the share million,
million. expect and XX $XXX On including rightsizes deliver around of XXX to new XX around experiences, expenditures capital expect we remodels. stores allocation, capital For stores, or we new
be openers XX anticipated with stores around new also closures. net We expect to our outpacing XX store
outlook, $X.X are the investment new and million cash market We per This performance, in At positions. and funded quarter the XXXX, around current and in repurchases authorization. to and debt ended share sales we morning, we no targeting subject $XXX operating price announced strong conditions. share billion with margin repurchase a share year business
of quarter be to QX level XXXX, $X.XX to the to billion. net first expect X% the up sales For XXXX we of X%
as of inventory freight from to costs higher year-over-year we lower selling, higher We X% margins the expect range in gross be spend. margin X% higher unit with along anticipate operating and marketing to carryover from
slightly the QX discrete to stock statutory company's XX%, the benefits related dates. vesting a than price share-based the around compensation. to tax primarily income tax The federal is rate sensitive is federal tax company's rate, anticipated expect of income actual the to which lower due rate vesting on We
million the for of expect impact per range in diluted average the including $X.XX share at around We weighted quarter. be in earnings repurchases to XX expected $X.XX $XXX to million, least anticipated of with shares share the
head entered excited we we opportunities with XXXX, and ahead. mindset the about As a year into the growth are
deliver XXXX. us and a financial have an to continued global putting agile in operating in foundation profitable strong We position a growth model,
And for questions. ready operator, are that, we with
