he In the the lead Chairman. ICR has appointment with in so Thanks strategic vision January. at work is appointed David new alongside as laid my Along CEO, as aligned David our out we our and I Executive the David. Conference me transitions the CEO Board much David's will role, with for into also role. as will company
quarter our implementation The plan. results. the on performance. line of top note and a jump early We will with strong ended highlights are a XXXX very high a of into strategic I successful Now, testament few fourth our results to bottom
markdown reflecting sales rates, selling points XXX Our increase expanded nearly basis to to and million. profit sales $XXX X% comparable gross X.X%, price, XX.X%. strong lower fourth We our quarter by increased a store delivered full of
to in labor higher the administrative of the Selling, delevered costs and the an year. primarily accrual and basis points in incentive due distribution for prior expenses quarter compensation center XX.X%, XXX general fourth reversal to
operating XXX fourth profit points operating the up basis grew XXXX. compared $XX.X was margin and dollars profit XX% to in as quarter Our million to
diluted in per on $X.XX the fourth were earnings of XXXX quarter CEO-related or our when spring fiscal of in XXXX with a interim the for high increase, adjusted entering quarter $X.XX the compared fourth basis $X.XX quarter inventory X.X% fiscal quarter-end expenses. total inventory share led a season. favorably Fourth down, was the very we to quality sales GAAP X% position to And comparing which
at by categories non-apparel positive the our category for offsetting comped more looking the shift decline more comp store continue a period, merchandise of the successfully X.X%. towards categories, quarter, the which for than And an merchandise performance offering to at comp fourth apparel sales we XX.X%
Moving our to million. Total sales sales XXXX comp decline a That's $XXX increased of inclusive next to X.X%. results. fiscal slight store X.X% at
content earnings proxy expenses, share prior Our diluted adjusted expenses per and interim was as our expenses CEO guidance. $X.XX, impairment which exceeded for asset
new approximately form repurchases and opened we relocated stores to our store to XX dividends. And of or total million returned closed stores $XX in year, a XX expanded we at seven and the shareholders of XXX. year we end we remodeled, the stores, share count For the
five are Despite an that for our guidance I tax refunds am first February of affected and X.X%. a fiscal materially plus the delay to fiscal quarter on and performance week the up XXXX, weeks sales Now the year update our our that in for quarter-to-date of the comparable store pleased first for third XXXX. income report
basis on of per of our range fiscal a XXXX, an year, XX%. that approximately For diluted and $X.XX first of is the earnings guidance share adjusted year-over-year to to $X.XX a in increase adjusted last for quarter midpoint compares $X.XX
to a increase store quarter X%. is comparable sales on of based first approximately Our guidance X.X%
we share fiscal to of to a X.X% in XXXX, $X.XX to increase guiding be a earnings diluted which sales are X.X%. per the of store comparable adjusted range in For assumes $X.XX, range
from relating heard have to paying are close the to coronavirus. you we the attention of others, As outbreak many developments
business health of the safety as as and focused our continuity. employees on planning customers, our we are First and and foremost, for well
state have are we business federal will closely and the to not agencies of to position and are recommendation. known government monitoring the at extent follow our local, a coronavirus that in time. developments duration the take on But this and impacts in The appropriate order be We monitoring action. are all may
potential related Our include does coronavirus. to the guidance not impact any XXXX
Let me on with an conclude update program. our on plan strategic update return long-term capital our an and
We strategic are continuing long-term progress to on our make meaningful plan.
XXXX. We openings planned have approved store of XX XX the for
the XX of May. remaining for planned have XXXX complete targeted We completed the XX end with by XX be to the remodels of
map, hired chain making centers. within have Deloitte systems in We costs road to and and major and reductions efficiencies distribution are strategic help freight us in execute supply our we our including identify improvements
mentioned report today On return the the million on program, that in form earlier, $XX share announced another of $XX the we the program from we our to returned hand. approximately the of And in which repurchase front, Board we share in was pleased authorization announced $XX expect XXXX. XXXX capital completed and am shareholders repurchase million of to as November I that dividends. cash I repurchases million fund to share
we per reaching CAGR well of X.X% we XX%. to sales ended share of in objectives. right note. year of team summary, are by positioned the growth, into sales a our achieve to lead believe XXXX billion CAGR net in next we Trends $X an approximately three-year to that am and and have XX% Including phase We earnings delivering In high confident place I a our Citi the on
With take that, questions. Nitza any we are ready to
