morning, David. Thanks, Good everybody.
attention Let's sales our turn operations. review your to decreased for QX results a X.X%. Net Slide of continuing XX from
to intangible sales acquisition, XX.X% impact of our Home decreased the of related charges by Care & in in our and reduced of in compared North were million offset favorable offset strategic & distribution million to sales factoring expenses to SKU representation cost from our tailwind small increased million settlement impairments decisions warranty advertising The gross margins activities, profit sales on Excluding framework our claims exchange, Global kitchen business.
Gross primarily XXX mix of organic brands. offset net a largely partially generally in expenses and we 'XX within decline points, and the million the was with American $XX.X optimization businesses, of a line for Home of under $XXX.X aquatics bit last and due investment and reduced decreased and improvement for as of weather sales by favorable spend foreign our favorability, restructuring, in increased reinvest and trends, asset higher policy declines TriStar and by earnings transaction with favorable providing with inventory-related lower Personal $X.X made Care and lower Garden to year. cost controls impact expectations spend the softness along These in the fiscal lower products. impacts project marketing partially rationalization we year-over-year inventory appliances, by driven due volume.
Operating Pet actions, cost insurance $XX XX% basis increased and X.X%,
excluding increased million $XX.X million $XXX.X operating improvements diluted driven net by investment reduction mentioned.
GAAP EPS the the and margin and $X.XX gross EBITDA by Adjusted increased $X.XX, higher share per in income, and higher shares primarily and driven lower an was income, operating improved income earnings outstanding. I investment Adjusted Operating EBITDA $XX of $XXX.X investment adjusted income diluted EBITDA, million, both expenses share million. driven gross margins income count.
Adjusted and was by XXX% the income by lower driven million. expense interest to of by lower by increase of improved $XX.X higher
During and the our X% share or X.X million reduced returned repurchase shares shares. outstanding quarter, to our shareholders we million second through $XX approximately by program
XX% Our transaction. current than approximately of was lower the share the count to prior is HHI closure it
were restructuring-related Let's last from debt Capital adjustments, to million million and compensation million from was balance. million of were due separately, continuing QX, interest $XX.X and during million higher higher $X.X expenditures turn expense payments lower last $XX.X now strategic decreased amortization projects and $XX.X $X.X Cash transactions, Slide $X year. QX down of $XX.X Depreciation was outstanding million million year. to XX. $XX.X share-based Cash unusual year. the quarter of $XX.X flat. other were in million million $XX.X than nonrecurring our million last than last versus year, taxes operations towards
Moving sheet. consisting million net $XXX to ended Total million was our million with billion billion balance debt available $X.X senior unsecured $X.X notes, quarter million, on a of of million the $XXX of quarter end and leases. had balance cash $XXX We $XXX of outstanding finance flow and investments the revolver. We $XXX in of short-term $XX cash approximately debt. million plus
is of Now on Care, XX. I'll to business let's review the decreased operational with of start performance net X.X%. underlying drivers Reported get our the provide sales into details Global which results. Pet each unit Slide
currency, American X%. Global North foreign animal decreased digits. organic companion last declined essentially to high sales year aquatics flat were favorable while single sales Excluding
were SKUs. exit sales quarter profit in and This our to adversely lower impacted decision 'XX by nonstrategic fiscal several categories
the We have of the SKU majority exits. anniversaried now
a As are nearly very reduced from and a actions item by turns X/X line perspective is a cash purposeful impact on flow. these North and having reminder, these active while activities the count inventory positive our impact headwind, American margins, a top
impacted American we American presence toward larger shift where a sales North and aquatics e-commerce to channels. and channel, specialty within traffic other sales be lower has consumer North foot the pet by continued the aquatics purchasing as see
sales almost mark XX% a percentage sales making In total quarter of of high a this e-commerce fact, GPC's of e-commerce for year-over-year grew as GPC. sales
stabilization In are we sign growing digits, that category. now low aquatics addition, seeing a in nutrition of single which is
strong a aquatics the the pond We season, is which to have also had to start contributing consumables recovery.
celebrating unveiled are Global the designed keep XXth we hobbyists and GloFish specifically ever the Starfire tanks. to more Red front, at larger is GloFish platform's offered we've largest year This anniversary innovation the who of appeal On Pet to was new Angelfish the fish GloFish this and broaden the Expo generally fish in March. the
secured under line that Tasty Our gain Good quarter. 'n' brands launched new Treats earlier Cat next continue We listings to traction. Meowee will the to that new ship begin several and
with and IAMS food we food and launch dry Treats in Good with Boy packaging. EMEA, optimized cat XinX both our In and launched Chews earlier in new of on dogs extensions all and QX built claims dry the success and for
SKUs GPC of offset consecutive GPC productivity low-margin This on and growth or the for investments delivered adjusted where XX.X% by and XXX inventory, year-over-year of million, for the quarter over million -- increase comparison our million. of operational due programming high by mix FX. exit $XX delivering This last cost EBITDA increased advertising favorable $XX.X quarter, of points to increased fifth Similar year's was in was first business comparison a EBITDA and driven favorable investments. quarter to and partially GPC favorable the to sales the Adjusted quarter. the record of higher primarily quarter's the business this fourth consecutive focus basis for is EBITDA volumes, adjusted a continued to $XX in lower by
new the higher-margin to commercial With drive share in business market investments launch consistently and are trade delivering results, gains. and promotions, increasing we advertising accelerate support brand growth innovation
levels lower adjusted growth. EBITDA We expect drive second innovation the but to as future with top on line investments focus growth of increasing we brand year, margin the in and half
the which category Although encouraging. consumables, is is recovery, signs of aquatics very in still showing challenged, particularly
POS Net weather with is controls key the driven saw trends Home drove regions retail sales & Slide view which we higher retail season the in second double-digit patterns to move Garden, in increased in support retailer growth compared started Let's X.X% healthier category. quarter, on controls reorder now inventory that the last in The to by the Favorable our XX. orders. and this quarter retailers levels in sales particularly category. year,
have also and off-shelf space promotional ahead of customers to Our year. retail last our allocated category
we business. Spectracide peak category as strong Our the the with grew into of quarter by ahead POS quarter demand head driven in the consumer brand for
While and season reorder seasonal cautious a than summer. manner Sales expect a retailers to brands, building this be space household promotional compared of to increased we and season in starts for weather, continue more the season the quarter the typical which slower we and early strength our repellents a were to of in encouraged later by that XXXX. inventory controls buildup to to insect typically last lower year, signals were in
cleaning, In sales low digits. double declined rejuvenate
have While sequentially, category sales demand subcategories of improved total continues some be consumer soft. to
Our to garden with much but with year.
The throughout in XXXX been customers collaboration in season earnings very similar has the partnership retailer POS key with orders prebuild. and is than the assumes our line framework last lawn and more weather strong XXXX
media We superior are consumers. our product's and innovations results-driven communicate our investments, new supporting which value to products through increased
This at Spectracide for Hold is to Our line weeds The traction up X and shot Spectracide tagline, kills gaining X Power", months. longest-lasting is and retail. product with "You prevents the our
the spend media when We to product bottom high consumer we geotarget with advertising, see funnel top this for weather launch and focused are with regions our right demand. quickly supporting us allowing
invisible new mosquito Repellent category, of repellents Zone provides XX for our families. Eclipse protection Cutter the hours Mosquito In
online higher million costs initiatives we tagline inflation million. driven digital campaigns by sales, favorable sales by this both year's primarily EBITDA and continue and fiscal offset People. cost improvement basis Labor $XX.X XXX levels raw adjusted doubling EBITDA brand last Adjusted cost not year. nearly this product are material meaningful The lower-cost with increased with inventory and mix, of media Protect We have $XX.X supporting points experienced increased Your margins 'XX that from efficiencies, manufacturing our investments. to at was increase by
& sales Personal finally, Home XX. decreased And which Slide net is Reported Care, X%.
decreased decrease high sales global by offset X.X%. organic sales in double-digit in exchange, declines Personal foreign low single-digit home unfavorable net The driven appliances, Care. global net organic by Excluding growth was
We appliances, declines home consumer North continue to of category. slowed as see the sales the rate American has largest we demand this stabilizing in are but see North decline encouraged in and American
product sales, behaviors. sales pricing and men performance. EMEA decline year-over-year, mid-double-digit posted with after digits Our home markets.
Commercially, partly grew promotional Balder sales the hair reacts shelf Remington in Remington for growth Shaver and Care in shift among styles. care performing consumer embrace by year's in to in to e-commerce Personal XX% Sales online top pricing appliance a as well is and purchasing Head and LatAm on our Care almost by driven a inflationary top from both activity delivered last bald line Pro quarter this Sales single driven strong offset in by bottom trends higher is in line low growth hair and home appliances, investments mix in and increased contributions.
Global our improving, and has strong HPC region grew channel Personal in the
line, ONE seeing retailer product the in Remington EMEA, price consumer capitalize on particularly are excitement line. both the product for in to behind and investing Remington point and for the region are higher that We
brand-focused Hobbs our #X all-new of Hobbs by also Kettle, compared the market a offset related product the and EBITDA development the brand. cost was U.K. and EBITDA $X.X FX by fewer our was X.X%, and and and investments. product to driven launched million Russell cost quarter volume markets partially is low-margin lower events, the the blending innovative increased year. margin improvement the supported recently primarily design a promotional by launched initiatives. of in AI. Adjusted to certain expenses, of Adjusted and Kettle inventory million where The last $XX.X expertise We improved in Russell the This continued inventory experts pricing inflationary Comb in benefit loss lower
XX Slide expectations our turn now updated XXXX. Let's for to and
to exits. sales to and Garden, year.
In now brands our SKU last our & in phasing second majority demand. Adjusted an growth have flat expect deliver to category Garden continued on Care, the to our higher consumer sales updating a growth HPC in small the demand in that anniversaried were that compared in Pet of expectation closer last low primarily defer are relatively consumer offset with is half We inventory expect of business, with the until do, the investments during From EBITDA, each tempering time. reducing by Care. inventory year, we growth demand expect in 'XX for lower we in We and however, Global to retailers increased declines our taking sales the grow second primarily double by net small appliance driven we kitchen to kitchen lower people. to now when income & growth investment net driven perspective, expect by cost now appliances, our large half year offset fiscal business we be digits, sales from compared to as customers inventory Home In expected and in retail excluding levels Personal expect Home the
$XX Turning million to Cash and cash to $XXX are is $XX be depreciation Slide transaction XX, costs expenditures and be million approximately million, to $XX to $XX expected are $XX of are be to be in optimization, payments and expected $XX range of million. towards approximately expected the expected million. taxes to million. million, stock-based Capital to $XXX million between approximately restructuring, amortization compensation strategic including
tax EPS, of state XX%, a adjusted use including we taxes. rate For
of section, their global thank year. and so To hard I far David end echo this our work for my all want employees to
to back David. Now
