Thanks, David. everyone. Good morning,
to and and prior and business. essentially basis by improvement in declined sales $XX.X at increased favorable impact $XX.X exit driven driven Care transaction at by impact the gross Gross SG&A due our flat Organic to profit points increased appliances disruptions.
Operating foreign beginning and cost our distribution the lower nonstrategic sales SKUs of at by of offset flat excluding million to XXX Pet X.X%. income look consumer was sales increased X.X%, the $XXX reduction in Slide advertising sales, exchange, primarily categories of impact year marketing to Global lower million to unfavorable for and margins and the favorable our related category XX demand were results. costs decision net XX% net several business. by net compared of partially kitchen sales. expense XX% $X.X net turn was investment of million. QX decreased of last in Let's with organic year Net pricing offset actions, favorable FX. million the of
interest tax Our the EPS income profit EBITDA, due lower lower diluted the and GAAP count. driven adjusted benefit due income. income increased share costs, diluted lower by interest share net interest Adjusted increased EBITDA expense to and XX% share a to improvements higher XXX% count. lower and income, gross earnings interest and Adjusted increased per
year. was million compensation and restructuring, XX. $X during million and nearly lower higher million $XX.X down than million, Slide strategic Cash And $XX the were of interest last Cash payments million expense year. million decreased costs $XX.X QX to increased $XX.X than $XXX,XXX from Depreciation transaction of share-based $X.X million. by $X.X year. separately, million. $X Turning towards quarter amortization of were last optimization last taxes
approximately sheet. $X.X $XXX our unsecured on available of was plus million Debt and $XXX balance of million investments short-term $XX to million Moving flow a cash approximately outstanding of billion other had of billion The $X.X finance the cash $X.X $XXX revolver. senior million balance and of leases billion, company approximately notes and consisting obligations.
total as to we earlier, position. were the once cash Capital October, size net extended revolver, ended the sale, last $XXX to versus smaller $XX.X year. company in we maturity refinanced HHI after the million million we in our reflect again quarter to $XX.X million our the of reducing Additionally, facility the the mentioned a and expenditures positive In XXXX. quarter
full Let's our results. of turn to now X.X%. sales Slide XX Net decreased an overview for year
million Personal of the Excluding kitchen and lower margins appliances while lower on as acquisition was another orders unfavorable to slightly only X.X%. & category pandemic continued performance reduction softness replenishment exit retailers leading showed organic decision sales was and inventory companion inventory certain demand post the & our and business of million million, business, for SKUs continued foreign declines despite impact actions by category reduction decreased growth.
Full our $XX.X Pet Garden our gross The and year by XX profit focus as of by decreased sales points. increased of Home driven Home to $XX posted Global Care The impacted net well Aquatics by XX.X% in basis were aggressive $XX Care as animals sales year resilience gross sales of in unproductive retailers. exchange and
by basis XXX margin half structure second margin businesses. gross a gross year, improve operating X% by our margin the Adjusted XX.X% the improvement income, across and decline, of the last While in driven compared sale despite to of as to points all we EBITDA continue increased primarily year reduction expenses. interest of increased
each of to results. the drivers performance into review provide on business get of the detail unit underlying our operational let's Now
increased continued exit sales portfolio to category net consumables, As we demand sales at particularly offset offset categories as XX, last year The sales, unit impact from aquatics categories you animal turn X.X%, net Companion to slowing sales Pet remained The look continues of challenged X.X%. pricing as more we'll as show in aquatics. core to demand. in growth from softness nonstrategic Global Slide our as reset well compared category due favorable pandemic Higher Reported companion than sales organic declines as while animal to rationalization highs. to by Care. decreased the were consumer
quarter new growth chewy.com from the the this patented are products these However, Tasty came above quarter: coming the Amazon an and and region still ] trends. Growth launched continued EMEA [indiscernible] From and recent to on business. Good perspective, and months the new aquatics dog We by in consumers Cat cat providing category expanded then driven in with from compared food quarter. and category some pressure in the more performing during positive third Treats has first, to our companion reduced distribution [ grew innovation fourth well. sequentially historic on inflation EMEA grew momentum.
Sales is but from double-digit animal our despite
Our strong the in child. market we our with and subscription garnered and of the than aquarium XX% STEM had aquariums U.S. as consumer already a aquatic TETRA launched in are adults Spoonables the More space, an truly reviews uptake.
In have unique Savory kit
driving favorable in them also in are kits to the plan region a mix consumers products young pricing EBITDA lifelong aquatics low-margin exit from EBITDA SKUs by capitalize and helping XX.X% of in the the year. business investments engage to and evidenced the on Adjusted educational restructuring million the on about on impact business continued consecutive the STEM benefited introduce the succeed of become by business, feel the a a million year.
QX for STEM including growth. the reduction in the the additional price, We net actions of enthusiasts. due coming long-term that believe of positive EBITDA half into great of the including to bringing from and We by was months. focus way to cost measures, segment hopefully driven $XX.X partially $XX our the them and in focused So volume to by the the adjusted earlier margin as perfect incremental EMEA second the primarily the increased is category, cost first advertising quarter. This over fixed short- profile position offset strong
impact improve XXXX, as the first However, our low health and inventory we preparing SKU at the have for of to efforts the continue our a run are we sales rationalization overall we EBITDA in as growth off in and inventory continued and discount. aging of discontinued short half sell and other
consumer it our structure patterns behavior about Although brands. we space, confident remain of we monitoring to the position spending the market as improved are and in and trends, discretionary strength pet relates our margin with the closely particularly within
about the We consumers trade increase and are consumables investing at pet shifting new we specialty such categories more cautious rate focus remain and top growth our settle at below of in engage and or share. and within expect categories to Overall, certain advertising levels. albeit the pre-pandemic aquatic animal entrants environments line to channels, as as drive in growth promotion positive rates to slower companion continue, to strategically consumption even trends our a the
and With target slow Pet Care. the impact unproductive exit lower be SKUs long-term aquatics to for continued than fiscal and growth the 'XX line expect carryover at our top additional of Global categories, a of we recovery
gain as double-digit & sales repellent XX. on last and with Home categories year advertising showed by increased and growth Spectracide Garden, the at declined weather quarter. POS both look Slide the the personal a growth in along take share. category experienced quarter driven and Controls we'll conditions. continued POS household category investment reported Fourth while during for marketing, repent to net Now versus POS which favorable and outpaced controls is X.X%
utilized Shot the tactics Hot Our POS. We posted quarter. targeted during drive brand increased also double-digit and our growth POS investment to conversion advertising help highly
category. and as continues below increased POS did sequentially spend expectations COVID. on in We we of remained advertising decline restoration investment demand Spectracide.
Floor our for increased products the last to Some focused the promotional year and post cleaning and see improvement Care was as below
momentum we of and our consumers brands to the our the value continue We in will positive efficacy products. as strong recognize leverage see
invest higher to engagement, drive We expect to consumer expanded POS to behind listings. continue and Rejuvenate brand eventually the
in shift retailer play be maintain more strategy with orders levels much during retailer retailer that As the to behind earlier, lower is 'XX. XXXX, we line fiscal out compared in we to mentioned results. inventory of in continued We expect POS and believe significantly impact to inventory reduction our us, to the largely
and significantly gain innovations In Repel investment base We our strong and will repellent are of as in brands. with well Eclipse our innovations controls, and core as mosquito consumers. to our Realm our innovation zone our commercialization products promoting increase continuing Cutter devices, traction recent support to new continue repellents, our with behind investment plan this the Spectracide.
In
a year the set fourth consumer with that the of in retailer due the mainly and margin pleased performance H&G on strategy fixed business benefits experienced success distribution absorption and increased focus channels quarter. the for strong 'XX multiple pricing We EBITDA and Adjusted led inventory cost across expect improvement able Despite that We impact, the line higher for to expand product year. to is related we positive $XX our up of and and fixed was volume well initiatives expectations.
Fiscal and driven in future. higher market to earlier were the challenging line million. in available in with was are XX% the increase by quarter disappointing remains the costs from performance. labor business, significantly margin to restructuring in undertaken to raw these believe and a We make in fundamentals the H&G top improvement it which XXXX. EBITDA the cost headwinds, cost materials
we we later have our to forward 'XX, that support manufacturing expect season, and we quarter later right quarter will confident which build. second As to that the fiscal build retailers in we that inventory look possibly our the pressure are inventory sales to strategy first
how and our consumer We and working into shipment to understand translates our demand production partners closely expectations are with retail it plans.
Now sales which XX. net & finally, Reported Home Care, Personal on X.X%. decreased Slide is
Excluding kitchen from sales $X.X The in mainly by organic net impact decline decreased decrease driven was million, X.X%. category foreign sales favorable net exchange demand, lower consumer the appliances. organic of
challenging, to by savings undertook offset various over cost remains restructuring X the America million years. was overall lower be air demand were by offset Although of Adjusted sales of past which consumer in pandemic and Personal the double double-digit in of transaction ocean the exception for market care APAC fixed excess reductions declines Overall, continues to growth inventory appliances growth Latin grew impact decline macroeconomic partially with in freight FX. kitchen profitability to due a behind in for initiatives, lower environment of rates the with and XL brand expansion the are the is growth $XX.X experienced but e-commerce This up were sales.
Sales results. with majority volume we declines but the EBITDA retail all in and XX.X% business significant improvement appliance and garment Care retailer our there U.S. of inventory highs. decreased and garment EMEA, impacted XL and fryer Personal partially North double-digit us, care. significantly from The Power sales unfavorable categories to the are fryers showing Care, in efforts digits strong the fix kitchen cost air appliance from kitchen in the internationally. American Power by the including quarter.
week, collection event first Remington from York exposure significant our basis gross influencers increased The first ZXXX radio the and welcomed year.
Earlier branded room reach City launch the and in multi-style In tools the hosted we multipurpose delivered curler includes XXX a a that campaign, multi-tool. New our a of brand and half a launch both celebrities, a performance. half iron flat media. partners, Times innovative ADC The Square, and second taxis engagement by fleet in global iHeartRadio margin X fiscal culminated the ever on social support Talent, and Remington filing business fact, the of and the generated Super and deliver to to range convenience dryer we on profit sign X-in-X media where this for retail points a the shaving of and
expect a look toaster categories consumer and softer fiscal air environment we continued North fryer and demand, the As forward in expect particularly to to America. 'XX, continue oven in challenging we competitive
fiscal We products, of SKUs. HPC half other consumer in these have Due quality risks 'XX also and exit distribution to be to among business environment we support associated down things, the performance difficult exited in the certain with and the assessing 'XX, standards sales and multiple fiscal continued of the expect the SKUs Tri-Star year. first particularly and the of after in
top improvement prior However, line improvement inventory. cost continued benefit we initiatives we various as despite higher from year cost to expect profitability challenges, in in the comparison
Turning to Slide XX and our expectations for XXXX.
EBITDA, sales by decline expected with grow a net cost from expected single expect based Adjusted and current compared exchange fiscal brands primarily investment offset in investments digits to lower digits, excluding HPC in We driven is single 'XX, rates. the inventory impact to driven high foreign and to to income our as people. negative by on low have
lower input expect inflation to remains mainly we relatively earlier, the other continue ocean from environment to ease while mentioned freight, As cost mild.
Home in competition Personal demand shelf perspective, and We more expect Care the is space first a as and particularly in some we and expected be fierce.
From pressure care fiscal phasing segment the in pressure home also of expect 'XX. space in remain the personal the the impact first to for to of pricing pronounced quarter the half
business preparation in for pet global to product year the line Our These first the the care the & spring top in with center comparisons customers until last factors, take Garden wait to along on portfolio in will rationalization Home half. to pressure are season. for impact summer also business home inventory expected the
be $XX $XX million compensation million be taxes. and million to is rate are from to of $XXX Turning million, expected million. approximately between and expected Slide of XX%, $XX in approximately to for towards between million $XXX are and $XX be EPS, to transaction million. $XX $XX expenditures Cash including amortization using costs we're 'XX. expected payments adjusted be are optimization including taxes to fiscal $XX Capital XX. restructuring, tax stock-based strategic between and a expected million, to Depreciation down million. $XX Cash And million state and
efforts a our As opening for be my projecting in reminder, am all during a during are and strong in we their some global year to taxpayer of end fiscal actions have I section, right to to 'XX.
To David's very fiscal team fiscal challenging for 'XX. the times a want Brands the echo place for Spectrum make we members comments successful that I confident U.S. 'XX thank us.
years our David, to call [indiscernible], the to [indiscernible] enjoyed Treasury. as great Before last the company. to investment responsibilities community have in done know Relations opportunity. talent know for of our a like to our our Senior Vice Tax Joanne community for Faisal leaders the let our would a transitioning the doing us. we've going great X as turn President meet getting to same And all Faisal for that do guys been from is we well he's see you our investment job. Investor that I get are finance has we It's and IR Joanne back to to I and
of So thanks to both them.
next business.
Over And to will reporting, our quarter Faisal back not ] this anywhere. a to the day going over on get Pet to He's [ next week, shadowing. calls quarter, lead reverse. you, Faisal finance be we will job Global Care going enterprise supporting and So David. and is strategic of your will Joanne
