or second Net Thank diluted expenses primarily to restructuring share share after you, charges was included Roger. $X.X net $X.XX which $X.XX the million $XX.X XXXX integration per related of the income acquired for quarter and associated businesses. diluted the of million tax or per with
was $X.XX diluted EPS per adjusted charges, these share. Excluding
of quarter which second $X.XX to diluted million or related the diluted primarily or the share, business. acquisition $XX.X of per million Canadian after the for per tax loss XXXX charges was share retail of $XX.X Net net included $X.XX
Excluding year these was $X.XX diluted charges, per EPS share. last adjusted
financial of under adjustments recorded that call will The we results during GAAP. the reference remainder certain exclude today’s
complete a reference to For reconciliation earnings, of release. GAAP adjusted our press please
discussed $XX.X expectations the quarter. below in year in million for line income Brands Operating last came last Designer with
As the year. just benefit you the facing sales year million the of rewards last of well rewards we of VIP recall, $XX as as boom may were under associated re-launch reserve last
including we which the loss generated quarter are this a in as year Additionally, expected. Camuto
X.X% actually already declined At of comp X.X%. to a our QX X.X% most reiterate QX made growth in and from respectable will the allowed segment, one retail. of to retail accelerated Roger that delivering point two-year comp sales the versus a two-year still stacks last post U.S. two-year year’s I us comp by of comp comp
clearance low single low was in rate Women’s and XX% by quarter. see price comped distortion and traction the comp single had in digits. sandals but reduced single the Under items we comping thus low to total key in seasonal much on the in as entire to chain grew comp inventory, flat delivering Athletic even digit digit in in the double kids a comped single the comps decline. clearance high with declines Kids boots continued in covers, comping digits. our the digits
decline comp decline. a digit single low to bump struggle with and comp continued delivering hit Men’s double mid digit a a accessories
mentioned recover and fall new have quarter, leadership into Hellmann to for Mens spring merchant XXXX. [ph] we late look at the in and As begin that business last to
demand grew strong customers the Digital with across we engagement and all continued our have to channels. demonstrate XX%
As we continue additions engagement, VIP program to the X.X grow file. rewards we new look to our with at
program re-launched to Canadian the VIP this we Additionally, stores DSW rewards our quarter.
our Our allows programs. more new and additions Canada is in in were members intimate to Growing represents important files across retail and engage to it these meaningful our customers XXX,XXX a as all loyal brands critically with way. customers us new
segment fueled growth continued upon to disciplines retail regular sales growth price improved of as sales a an comp top X.X the significantly inventory much on installed Canadian acquisition on Our drove AURs last X.X% brightly shine the we This was inventory. by generating improved fresh year.
site leveraging and DSW’s late QX, expertise infrastructure. during their technology Canada and Additionally, digital operations re-launched
business. a here digital than As U.S. in penetration saw our lower we by they increase XX% demand versus result, much see a but LY representing still
As such, we there for more this Canada. know in upside is channel up much
For Camuto, I’m you the we LY. in going that to did to of the but second quarter help information not need give you remember will assess general own you business Camuto during
retail from up integrating Camuto, brand informational DSW existing now networks production. were and So for continued any see year products that own wrapping Camuto purposes is progress products produced than the higher both our $XX.X only. sales exclusive brands million national their distribution we into is to last reference to quarter to At LY for the
LY low segments this digits This own $XX.X in first our sales year-over-year where sales which growth Wholesale the acquisition time approximately up single is the totaled channel. were including to million. to in the saw since retail we
delivering LY versus nearly to sales. vincecamuto.com digital also up and Camuto versus steam the in were First while a increase cost shrank XXX% loss for LY. revenues and in the leveraging to from gain loss QX expertise And That DSW expected, continued quarter. turned retailing
delivered quarter increase. generating sales ABG solid Finally, another comp X.X%
shoes working capabilities at bring to in are partner, from relationship apparel like be We and their including our features have successful boxes within DSW. drop store kids technical to own which testing life rollout, new highly proved their tandem new and ship placements with with largest ship functionality to footwear functionality and to our kids
dialogue to innovative largest relationships. support partner to while partners as about working to continue and business as business serious current that potential lease very are possible our reposition we with also they as We give tests look exciting much new
profit rate points. the for delevered quarter XXX gross basis by retail U.S. Our
half occupancy the of our VIP re-launched warehousing expense expected, rewards related of the the as generated deleverage success half, and two-thirds from decline infrastructure. was best-in-class the rewards was we leveraging to result result lapping and this release a about when and omni-channel As shipping program. other our third negative of reserve increased last was Of continued comp costs year experienced we the a
were the more we trends. us more flexibility us with acquired at Day that going the as quarter had allowed This than information costing to customers. consumer out infrastructure acquisition this tariffs bring other many DSW use Investor cost. access and our in paying helped gives IMU down and which that called our nicely improve diligence to around arise bring retailers true and that We revealed such value navigating capabilities that more These for to goods help and may to issues ever-changing newly to buying skills during along been our
still XX% the for brands and primarily third sales. quarter produced of Sales a approximately exclusive XX% grew by by represented of party
wait business to about organization previously, our XXXX new produced As and excited are I exclusive DSW’s to can’t mentioned in lines to show starting you. it brand Camuto and the designed very we has over take
segment, a At the covered rewards while retail rate continued basis to sales last be digital management improved were from in sales clearance XXX LY driven increase inventory the new down year. a price to installed platform margin substantial acquisition by This meaningfully. experienced Canadian increased in drove inventory demand discipline VIP our gross with re-launch thereupon by points disciplines
line came liquidate profit expectations. This due proportionally reduction is of And at sales more Camuto, end below XX.X% QX our to was low-margin with to gross at in which summer in slightly product.
moment is As have model the want our demonstration and of margin I to now the the of Designer what to sales we a Brands, you wrap of power discussion a take we through built. up walk of
and retail a shoppers largest, one in accessories physical of can of of anywhere the America. hundreds have that find network platforms footwear We where compelling to and millions most assortments our drives visitors warehouses in digital North
services we demand and with in of of shoe ways, customers Additionally, engage to digital complement fulfillment warehouses the full repair a our optimize including plant high-end orthotics. services, custom-made nail and leveraged physical these test in
the well now operate internationally recognized brands. premier as footwear footwear brand and and handbags producing customized organizations production name design of also one in We private as
tremendous other model segments have any off of target synergies out design wheelhouse of us we the of the our are This and our unlike segments. and in between to squarely each we But current two networks. other. allows business customers these there, retail leverage products produce highly The
You are seeing early that now even this stage. in
that tremendously inventory and close-out the quarter to gone have DSW. This second to would higher our net while eliminations intercompany to liquidating saw we a It in than diverted in will coming large of to excitement go it Just instead we higher it get retail historically planned great drive discounters also quarter. the will anticipated party Camuto is channel cash versus product to out was a reason normally alone, had large gone generate externally. amount originally to and returns third had second of
net over liquidated have in sales end But been income Brands and Camuto. product other we whole Designer customer, between will and benefit as million and the consolidated out externally. to pre-tax a Our such greater this DSW $X sells product transactions million business once related in had transactions much the this as $XX DSW to numbers
you their Additionally, the more price the before as that incremental drop they seeing or own as a the associated brands generally exposing level shipper, Camuto costs traffic. the of with full customers the up on we power onto than many are brands potential than without dsw.com could drive of model to marketing open driving
retail a product design with on have and taking creating is our shoppers anything par that national brand. engine our brands segments for have seen unlike to at sourcing we’re any and Finally, Camuto and exclusive date that best-in-class
additional product over quarters, in of didn’t produced and the assuming XXXX currently In party $X.XX would more any fact, sell an to Camuto had private have strong. we just we the instead we these the product than is exclusive far that’s EPS in we actually firmly thus we’ve because label $X.XX by last that we I brand use, third believe than would sold and product did that two generated have
exactly are aggressively as for shift installed to And and Investor planned. on reach the brand already we spring happen few penetration is years at This are be is as out power to XX% we we XXXX. of it Camuto roughly to the next the and laid will seeing XX%. exclusive of schedule This model Day, growing over
Brands Turning to excluding Designer Brands same the shrank now for the of added which delivered was a on last P&L Canada as expenses businesses, their X.X% as by lower rate our in Camuto, sales all they aggregate million expenses with last total sales. year and Camuto year. Designer percentage $XX.X XX% operating consolidated to operating of delivered numbers, LY than about SG&A higher
bring diligently critical that We to while are growth. also for the discipline right working funding for areas needed business cost
sheet, investments drawn cash million no on $XX year. and investments we balance XXXX with in driver $XXX $XXX.X the repurchases share million of X.X was last shares. change million $XX.X acquisition second primary The of in the to acquiring during year and the Turning compared quarter million the the ended our and of revolver last and including million activity $XXX.X million the and revolver to cash borrowings on quarter
flat all in now GWP ahead Canadian merchandize GWPs QX pivot product from towards saw some LY. our and retail less productive We school. for square across saw segment. foot segments in our kids as back Remember, investments items marketing inventory retail we investment includes in as other of Inventory also resources ended to way to of of a this we our
at QX inventory which this $XXX.X million. to was Camuto totaled year New
the quarter quarter two the stores the XXX. opened we in During no DSW and U.S. closed with ending
to four we of open close opened two DSW store Shoe additional stores. and XXX and and up XX ending In to closed stores with Shoe during Company one Company expect balance to the We quarter the stores no stores the six year. Canada, stores
the of open Company eight additional to one Shoe Shoe and Company additional expect year, store. balance an close we to the six For stores
XX XX last million compared shares Our versus XX.X% XX.X% year. were tax million average outstanding rate last weighted total was year and the to diluted during quarter
Let of my me looking wrap the the back year. up comments half at
$X.XX the EPS to for our full of per share We are guidance reaffirming guidance which includes $X.XX year.
quarter, to million able of shares a repurchase While during X.X are for were couple our we reasons. guidance the holding we EPS
not the keep clean and to for feel eliminations. simple have where trying are evolved our area you with in fully and area intercompany I we First, possible as model is the models as one business of your
Then, Camuto as in said Camuto those consolidated our companies, segments margin those segment ultimately produced P&L. retail But had or if services and I’ve in many as finally sales, purchase was respective margins and from the past sold since must eliminated segment, the retail when end that products we commissions. up a inventory they third commissions our Camuto by sales and to segment sales our is the are recognized and for eliminate As the sold up services generated and or goods times sales generated consumer, as we gets those margin when first-cost the show that just the consolidated sales to party. previously show
total year, the to eliminated 'XX planned expected $X.XX EPS approximately initially we out. When we FY of see get
our of ahead FY will has the way the closer found total long to This into be now Designer to As segments, $X.XX retain in of products retail which schedule have Camuto hold margin their future. in and house. for find taken are margin in ways and $X.XX expecting both Brands very to 'XX for additional the very, integration we retail is good eliminated the being wholesale news as term recognized EPS we we
than you while the eliminations guidance projected. We elimination’s without your to and much full of all repurchase still strip Thus, are digesting on be to impact math EPS of impact by figured year we for do of our higher even EPS would easier guide this into the $X.XX the $X.XX asking out guidance own. a rolling able impact and noise share to the not the previously of than elimination’s a
our with want how works to asked I illustration team see this share to of I’m put a of who have simple together and actually it. happy to accounting that any you
Just let me know in discussions. our one-on-one
what guidance tariffs regarding swirl impact consumers, did the in want on the large retailers aggressive to all and it with producers, our and may be ignore Next, very uncertainty. and we potential a not is have
avenues of tariffs. the However, Designer many help we we Brands mitigate to have impacts feel
factory First, we partners. with are negotiating hard our
been With recognize factory immediate tariff X% the the to we USD benefit into expect our that to euro, litigation. X% have and an weakening partners translate able yuan versus the to
into of units the partners with savings to business to our next back Camuto’s which in is expect could scale produce as expected growth find factory produce be the we which is Thus, and years. we XXX% over increase significant. Additionally, as something gets XX% the to as we number by across our new mode, top factories few countries XX ability well today
increases. pushing price our At powered vendor any of the retail community hard by on DSW, segments, proposed are scale we the against back
in and vendors. accounts of account not vendors We if growth are the certainly for are of generating the largest one all our nearly one of we largest our
we our mitigate we XXXX. to of ability help remainder hold tariffs on such, Therefore, believe As own ways the especially we utilize to firm much and of of the to tariff intend impact. for the imposed the the brands currently pricing mitigate find have impact to
current Longer own factories, and than and with around assortment flexibility maneuvering of the in and growing peers. vendors scale in to term, between growing exploit tariff gives our many scale our brands our retail our our segments our flex tremendously us landscape our our ability more
I’d point the you on calendarization pertains like guidance of fall. to simply The last to leave with
not income represents all QX op reasons. is QX. a This contribution be our to it of is op strongest pure planned which the currently While for represent year-over-year dollar of does income across strongest couple the businesses, growth
$XX expect their towards operating year. sales their as they negative million still while is they contribution in modest in while deliver year, contribution delivered to the of materially Camuto relatively QX flattish income QX their better One, positive overall strongest last we turn than is contribution the
very challenging of first lap the months in are marketing, to continue re-launch unseasonably Thus, DSW, as season. year with season fall with will in expecting some DSW’s fall accelerating operating we coming the contribution towards of the growth contributions stronger cool early in elevated income digital early weather year be at fueling and a QX QX. muted boot versus we in comps much couple compares the the last most hangover relatively VIP through two, And last strong to growth
not Designer of businesses we assess I get on make help to but layer expectations. you little data the with historical context, no properly quarterly into we to want enough guidance the sure looking habit and overall new in Again, are to to have Brands model as
me Roger. over that, the to With turn call back let
