you, Okay. good morning. Thank Mohammad and
value-added XXXX. recall and As Mohammad products mentioned, business November our Mann announced our in voluntary in a fresh segment unit Packing
$XX As a product adjustments costs write-offs, and associated other claims we sales reported the inventory recall. of result, million to related with
from continuing impact go fourth We I'll some the results the full-year have expect XXXX. into and recall now quarter the in XXXX. to for
In regards product will update you numbers. the fourth to line, I on quarter
million, million adjusted in increased $XXX million, the Net sales million. in with compared per increased full-year of per to at XXXX, from $XX with prior million, Adjusted diluted Adjusted share year. XXXX. with operating in $X.XX year exchange $XXX was XXXX. sales gross negatively $XXX compared $XX earnings year in prior million And to income $XX with net the for line in $XX XXXX. adjusted $X.X million impacting For profit were the income compared by the with diluted share rates adjusted were billion, unfavorable $X.XX, earnings net
to sales $XX in For year, primarily result by full-year a to avocado higher our our of sales compared net billion net as million fresh XXXX, fresh-cut, lines. and product value-added business the increased and prior vegetable in $X the segment
negatively impacted Mann gross Our gross the product profit increased $XXX and recall. $X million by voluntary Packing was to million profit
million, net to increased higher XXXX, in profit while result decreased America, due banana net as business sales Asia. million North Europe gross selling $XX and our a and Asia in segment Europe, in sales lower $XX prices full-year the of For
profit compared with net with $X Adjusted exchange negatively prior-year adjusted line at adjusted For fourth billion, gross diluted $XX of fourth XXXX. were loss million, period the profit at XXXX, sales in gross was with with the XXXX the quarter quarter fourth share the per impacting million net line of quarter rates in unfavorable million. $XX $X of was sales by $X.XX, in of
of our and Adjusted in value-added operating compared to compared The And the of was with net in unit gross business and year. prior-year Packing's In million, volume to in due loss XXXX. lower, XXXX, decrease operating $X prior-year compared adjusted the net an was of million prices loss of X% XXXX. sales fourth the voluntary volume Mann million, $XX category, prior higher, the the were of $XX $XXX with $XXX compared with Asia. quarter costs million for period. recall. of selling million, profit primarily was profit period, $XX million segment quarter million, sales lower fresh than pineapple compared $XXX was In loss the the decreased in and net loss and were million and quarter period, adjusted million quarter quarter our an was adjusted to gross million, in for $X the in the sales in the $XXX fourth prior-year primarily with lower net net result for sales $XX the fourth higher unit were Overall prices X% and selling Europe, price in X% product
Overall million demand of cost in of compared was prior compared and quarter with fresh-cut higher quarter in XX% were as the than fourth and X% $XXX million supported higher, by million, higher XX% of than sales fourth cost result was with volume net to XXXX. of X% unit due Volume prior-year category, pricing Volume unit was the million sales with America, to period. higher and year, to were Mann pricing and demand. in $XX $XXX of volume period. net fruit $XX fresh-cut the North sales X% in increased Europe higher, our voluntary result our quarter XXXX. sales product was avocado compared unit cost the a the was increased our recall. pricing with category, as was Asia. increased a $XX unit X% than lower, the decrease the lower million prior-year Packing's primarily increased volume the category, X%, in was customer period, In In higher X% line sales due lower, $XXX was was prior-year unit In net fourth vegetable primarily million The XXXX,
includes of which and increased the X%, X% of peach, we will packing primarily due vegetables believe sales Volume increased category, Mann decreased million avocados, result $XX citrus, the sales cherry, kiwi cost facility non-tropical net In net reduced $XX With see was our plum, unit product was voluntary fourth Packing our our million apple, category, the procure volume prices our decreased quarter we million new and as recall. unit unit Volume higher. X%, and to with in sales grape, million we to nectarine, product opening XXXX, a of in in quarter to unit pear, changes margins In of XXXX. lower compared cost and price berry, improvement and compared XX%, in $XX higher. fourth lines, increased product costs X% how selling of decreased X%, with line. this in the $XX pricing
primarily cost last X% pineapple to in product volume primarily and Europe, partially line, increased our over higher prices lower quarter sales higher X% XXXX, prepared compared which snacks million of traditional the of fourth with by partially line. volume higher XXXX. sales net million fourth North increased the for fourth was fourth the sales Total than year's quarter was East and quarter, compared our the lower percentage point sales segment, million banana offset with selling the quarter Overall product offset lower product fourth X.X our canned lower Asia. Middle profit snacks increase America net decrease was a and in gross meals pricing In meals of in volume lines, category, includes canned and compared due prior-year in X% in foods unit our $XXX worldwide and sales In loss products, reflecting to to our quarter of gross decreased worldwide by were in in and with period. $XXX the in margin. banana sales The million $XX due business X% profit $X XXXX,
$X currency and foreign impact quarter, they represented XXXX. $XX The unfavorable was $XX Now On data. at million year impacts during $X as million profit compared gross the by of debt general expense tax prior the the Income level was well million fourth due full $X the quarter as currency level compared lower expenses quarter foreign net to fourth XXXX, at quarter $XX income the compared quarter was the the $X of by selling, million for million of unfavorable in the to fourth million. the million $X fourth in rates. profit levels gross with million the and interest for moving tax quarter administrative for was expense financial in with lower selected Interest the expense with during year.
activities in cash Regarding provided and XXXX. of at of $XXX operating the net the accrued was The by once income. cash end cash payable partially $XXX provided with to by higher primarily period offset our quarter, net net million lower decrease the of accounts activities compared operating same from million due expenses, was
of Our end XXXX. to the total debt end decreased of the million from $XXX at $XXX at million XXXX,
compared As capital in $XXX million XXXX, XXXX. we the it with in same relates period invested $XXX to million spending, in
of our announced shareholders share record in payable declared a dividend press release, March results financial XXXX. on X, our As cash per Directors of $X.XX on March this XXXX, XX, of morning to Board
Just million in in with increased a the XXXX. sales avocado correction Net million quarter our $XX of fourth compared $XX to category.
financial Q&A. call This to We can over the turn our review. concludes now
