Thank you, Rod. Good everyone. morning,
commercial impact chain year pleased executing to business year, quarter cost headwinds, sales at committed progress despite as Day see disciplined investment Investor that growth, against continue growth strategic model. initiatives outlined can we're on have with strong and a top this our overall and full profit By year for objectives predictable control our ago. line our both discussed, Rod we strong on and and increasing on our the the our good challenges cost supply we the make As results and and
operating For from was year, Adjusted and cash X%. A&P through we rate sale. Adjusted of our basis net rate SG&A increased initiated increased in and X.X%. sale. over Adjusted organic XX XX% to of sales million, improved basis $XX increased newly basis points. our margin $XXX million returned gross activities the in $XX points points increased increased XX EPS and million Adjusted XX shareholders. net dividend, EBITDA spend
detailed our results, and to some continuing inflationary reviewing Before I operations additional our the provide color on like environment. would
constraints been remain on quarter. across fourth the capacity and gross and Tight As chain labor unprecedented has chain. supply increased our remain industry cost saw supply broad margin disruptions and in imbalances increases, markets we grapples challenging sustained with pressure supply and and there demand the as overall
steps plants over execution during labor will constraints, are our headwinds that offset we the persistent and this that In end, all our taking manufacturing labor centers the objectives. of and the Importantly, to inherent we've increased and the of to meaningful needed Fuel our global remain organization growth program successful meaningful these capabilities and the evidenced rely efforts fully few last years. to secure To our developed operational. of pool diversified support open face distribution and on
in teams across efforts, continue strategies We actions scheduling buys, material utilization broadened the business, our and impact sourcing overtime shortages and including raw to sporadic going are and production potential forward, upfront mitigate the see the across taking to staggered Europe. aggressive alternative supply transportation U.S. increased but
also systemically and to half inventory improved We ensure year service through customers. levels availability to our aim product the levels first of the to build
we'll We it closely, to on given expect have will cash of impact continue capital flow the free and likely we these fiscal some in are the in. operating monitor nature dynamic and 'XX, working actions environment
turn Now detailed the quarter. for I'll results the to
categories. across and net As quarter growth mentioned, X.X%, in sales organic with increased the all geographies
on categories. growth Our win Grooming. Sun at X collectively across driven Care businesses all grew and X-year least XX%, now This core grown by right XX% double-digit portfolio has a Men's to organically with CAGR
is and on portfolio by about grew the period X-year versus stack last same down the a right-to-play just year, in under X%. Our X% quarter organically
company saw period XX% year. by sales quarter total increasing the versus ago. XXX% Our results, net the of top in On organic year strong the quarter again CAGR, same X.X% on a over growth last increased business a e-commerce in X-year
and our organic into Shave driven and Private the growth in net increased Disposables Systems growth in largely quarter, segments. solid Looking double-digit Women's by X.X% in sales deeper brands. Wet
year Private business well be catalyst as Silk, net brands, Our growth Women's XX% in last X%. the growth XXX% decreased market continues for driven quarter by Systems in and as Skintimate Systems increasing American cycling with sales organic grew to QX. primary organic competitive Intuition highly by quarter, Disposables and sales in the increased X.X% Label, which our the XX% including sales Men's the North in key organic net X%. Hydro decreased net about
quarter, consecutive XXXX in U.S. the increased, and The Systems Women's levels. blades the first category second seen Disposables. was the growing quarter since category and consumption and X.X%. began, time category For surpassed the Men's pandemic for dollars And razors across total growth
For brands XX-week Silk the Schick branded supply continue share to to share loss quarter. touch-up our franchise share in XXX impact shave points, the challenges and and mostly shelf slightly. contributed negatively Label basis period, Silk declined directly disposables in while chain Private and market declines for by transitory In grew Men's driven Women's Systems, the on branded Hydro
supply the product part more network-wide chain basis position of travel we benefiting the Boat Sun Grooming as Tropic and Sun and growth improve organic Sun Men's shelf to net U.S. the XX% category XX% increased We cycle we Banana through the cycling last temperatures. off-season in sales sales through in-stock share. in flow in normalized Skin category QX. organic points and Care quarter, In Hawaiian with strong increased XX.X%, to from cycling continue last increased for take September's growth quarter, XXX and market XX% outperformed driven about work fiscal both year sales America collectively gained low in and cooler Sun by XX% a sales. QX. Care North and challenges Care as anticipate to steps Care
to it points Care of strong at out quarter, making #X share brand heightened benefiting saw XXX the both drove we and competitive from led of complemented quarter sequentially execution some gains sport improved gains. the the Boat Sun and results basis where Banana drug Our and XXX of points and the degree gained kids in stocks. basis by across U.S. in Walmart share, during grocery, also share
gains portfolio Care For position the the basis in share and our season, cycling year's XX% U.S. last points while growth market gains. XX leading Sun consumption with reinforced basis of of its of XXX share points
stack strong club Jack mass which Ones we X%. in net us meaningful in increased Men's XXXX to new XX% declined the season. as quarter however, of across the of organic already to distribution Wet Category XX% net outcomes of over serves of mostly sales. COVID-driven and for increase the secured increased versus over due ago, category compared back-to-school last Grooming in led have growth sales and consumption drug. further the in XXXX sales Ones decreased a well Cremo distribution where and organic of anticipate QX X% an Wet a in growth both Black year, All peak XX% lapping year up representing gains XX%. XX%, consumption, by X-year full quarter, as strong was
the has Care while shelf on well. retailers high category. brand again inventory. as Importantly, in X seeing sales Ones increased brand regained organic Wet and makes through top-selling SKUs up U.S. continued of we the alternative XX of sales increased #X Fem the net consolidation X% the X%, levels category are as cycle position
share offsetting This product last carefree steady, held legacy support, reflective trends. stronger continued gain and quarter, a share launches and brands. improvement in Sport quarter marked market XX-week declines advertising new to the Playtech of quarter, in and from
Gross to decreased adjusted rate the margin P&L. basis the Now down basis points XX compared moving on year. an prior
compared offset benefits Ones. XXX increase our COVID SG&A we or gross A&P of $XX.X was of spending headwinds. the savings increased flat was expense leverage higher As of a were net incentive from nature. XX.X% by higher Adjusted share points reflects $X.XX share and compared essentially offset sales, in of of $XX.X $X.XX period rate. was of amortization and tax increased to quarter, sales costs business costs net which springtime and A&P our product SG&A, and Digital was XX% in sales reflecting commercial onetime by income phasing year price This $XX.X net overall prior and over million was earnings line Adjusted per of as gross effective of commodity, compared was the lower activity and SG&A year. Project costs, per last EBITDA $X.XX XXXX, $XXX.X to of impact X.X% million and in spend versus advertising Cremo last in Adjusted million as earnings to GAAP the basis the diluted creating year $X.XX $XXX.X were primarily million costs. Fuel margin this percent decreased felt sales, which this with adjusted with savings operating fiscal in basis on expectations partially a fourth and was some million the lower and quarter Wet income in were point XXX fuel partially including $XX.X the year. of were offset expected, associated about to operating rising year increased sales. the as cycling transportation the prior quarter. wage million a quarter full higher compared expense, inflationary only costs partially represented last
strong of and in portfolio Organic essentially turn improving a Now full consumption was X.X%. year Sun The basis, were Care, by growth by briefly Women's net Organic Grooming. all increase And net markets North results. sales stack net Shave America across on Men's sales and the total sales X.X% X-year flat. me largely year by international review driven increased let a X.X%. organic increased to for in categories our and
X% year a DTC basis digital ago million engagement A&P We as $XX across continued margin in gross rate resources slightly as Project top management, and expectations, savings mitigate inflationary e-commerce a to sales capabilities total Shave incrementally as mostly enhance XX% year-over-year Project heightened for basis year a and XX% execution the We new price internal fiscal was critical sites Care XX activation while the expense increasing with as now Branded for last overhead Sun from progressed. $XX Shopify of Fuel million operating and launches, with above added 'XX, the profit year or revenue catalyst product and business, Wet XX our accretion. replatform margin our progress, operating Project and deployment portfolio. increased increased during core margin and efficient X points points year. to generated to successfully for launching savings, percentage sales was Fuel to this gross we or was X.X%, disciplined which in gross key helped in including sales. increased new Wet margin replatformed and we our campaigns Our above about the sites Shave platform prior the actions, strong represents new pressures, company increased growth of pressure Adjusted and of business our drove Women's savings on the Ones new year management. XX.X%, flat with across as navigated and A&P invested year, cost Fuel year $XX Adjusted million
model for outflow earnings sheet. year. offset we capital in investments down Our balance by from from partially full million, 'XX net working versus strengthen and prior generation flow and activities expenditures in to slightly that cash business $XXX reduction prior and year the cash for flow our efficient was down we year. XXXX, million cash capital Free again flow Higher continue this increased fiscal year. conversion, operating working an demonstrated million, operating To which is $XXX a from fiscal capital cash strong was characterized free end, $XX fiscal in
an the facility of on allocation. $XXX a a on $XXX debt further the year we successfully topic continuing our until Xx. operating the by full weighted in which me million while credit leverage XXXX undrawn has net brings turbulent to ratio our XXXX capital strengthen maturities environment. given about debt average to greatly interest cash and ended capital access year, structure cost focus million of liquidity capital and of solidified We hand, now the notes, $XXX to long-term efforts million These During structure, our refinancing This X%. no with
always more in growth dividend repurchased of addition remain our to our to quarterly providing More liquidity continue position, healthy the we approximately cash we flow years. and while multidimensional free next approach that dividend capital strong and shares for maintained prioritize we excess are In consistent the put generation, initiated returns intend we our expected to our buying to shareholders. basis. and also allocation. on back time disciplined equally more this focused and payout, to will sustained over announcing credit the outlook proactive complement repurchase And plan systemic we a begin cash a $XXX X to approach million shares strong healthy work now implement in continued was fiscal We've earlier investing on to that in business, to share to is year. With the to a the specifically,
we factors, monitor rate which affect course, other repurchases. of continue Of may share our and external the will pace to
Turning for fiscal to XXXX. our outlook
we while are appropriately an accelerated our we Despite and environment that a and also reliance EBITDA significant As pressures, well challenging savings inflationary cost our by feel will likely environment while EPS accelerating programs. encouraged this fiscal growth. marketplace, year-over-year but the on supply earlier, to our productivity short-term manage demand and sustain categories, stance place by near-term adjusted across challenging many top of investment the the disruptions backdrop, balancing chain in into remain this efficiency line increasing remaining inflation ongoing to face macro to Against in cost with mentioned deliver in efforts growth recognize XXXX. confident improving need we we ability productivity our and Rod
organic growth X rates X. similar growth in low half anticipate net with and we half single-digit For the fiscal year, sales
points programs and of and before as realization the we first of productivity year XX scale the X look we margin, year-over-year XXX accelerated increases. gross to declines with decline in As half anticipate price moderating in between basis half
headwinds, partially gains increases mitigated productivity of price XXX further revenue the to approximately outlook benefit management efforts. Our and by basis inflationary XXX and further of points contemplates
mode growth flat A&P and a largely investment dollars We in XXXX to respect profit expected to sales. as with will A&P a be levels year in line in support in on Adjusted remain with of margin operating XXXX levels of outlook, increasing to with basis. our percent full remaining is largely
significant in rate half year contraction as of result these the headwinds. margin the operating expect first a net of inflationary we However,
We expect that expense will approximately sequentially $X range the income productivity to the scale. Other pension income $X to financing take hedging as price improve in expected Adjusted of $X.XX $XXX effect gross $XXX Adjusted is income in expected range operations is to as from of the as translation million. million gains increases to and EBITDA be programs FX year, expected $XX to interest that for about is be million million. $X.XX. 'XX. be is favorable to well in margin million in expected to reflecting EPS estimated be fiscal impacts Quarterly offset
repurchase, course earnings. outlook EPS from to transacted expected to XXX% be finally, over adjusted about full GAAP fiscal our half X outlook year repurchases free includes With of flow repurchases our respect conversion will our offset not our of the cash have additional to contemplated additive share been expect the EPS. X/X net the year. share And to dilution. required generate only be in to of benefit and share The to EPS in year We of expected approximately is the
we back And to like earlier 'XX refer I'd begin the operator morning. the to I fiscal our the session. would to over that that, with outlook, this information release to you related turn more issued Q&A to the press call For
