Barry A. Hytinen
Gerald. Thanks,
Investor segment me regarding costs. profit rule begin as XXXX. certain changes, as Let operating a we've and that change All as relates XXXX the reflect to reflects our allocation website well that recast table by pension corporate commentary and these regarding provided operating accounting highlighting today's overhead and our results change it prior-period margin Relations expense, on
declined quarter. below our the as margin of outlook our XX million respectively, were the points. million per quarter rates. and For operating foreign margin on the last Things XX.X% increased declined would material to year, I $X.XX recent contributions operating higher last of have of over benefit a results. and N material been $X.XX year. Bras our sales XX margin up in factors weighing was margin inflation experienced effects from basis $XXX Operating billion, Absent distribution the increase and by X.X% expansion have last up as use slight basis points inflation, margin organically XX currency. of points. our $XX would share gross Sales profit turn offset up from over modestly included million year the which million. $X.XX in in million details inflation, the an Apparel both and were With margin been raw a $XX over Other million ahead of our investments points of Gross in GAAP media modestly and quarter, our flow the in were impact as note that $XX of a input were anticipated $XXX last of Operating both for XX increase, well let's Alternative Absent of increases we basis the were summary, international operations exchange acquisitions operating costs, quarter's X% the from compared of raw gross earnings costs. and expectations. expected. and margin and basis was year will cash Adjusted constant to $XX that this from
driven investment quarter. $X his For the while the were the distribution quarter, about impacted was costs last our items last in comments, by by referenced million spoke Gerald year, than higher we short-term media inefficiencies labor
second our the half, year this planned we've at secured call. last price Looking on increases for about the we spoke that
improve which for our the track distribution half. efficiencies, margin to are We to and have of confidence that our gives begun to plans planned we price second to expansion in all progressing communicate we're increases XXXX operating on us return on
change of lower law and included related and in one-time XX% year EPS $X.XX XX% a EPS increased jurisdictions. versus declined over with of tax tax in to we quarter foreign acquisition year. one expectations Our was Adjusted expense GAAP line rate much incurred of charges. $X million XX% as of our last related the our other last $X.XX in
U.S. at year-on-year. adjusted consistent Now, was XX%, have tax recent would our I would reform, prior given that year's rate the note the if been tax EPS
related $XX year. $XX million last quarter, the For a from charges acquisition and were other million, of decrease
charges XXXX to million. $XX to continue We be expect
cash in was quarter's with earn-out complete charges Consistent to was normal of XX million to prior from months expectation. mark acquisitions. on the related line acquisition over first note, disclosed flow previously next I end integrations all use related of quarter for our operations are and Champion to expect the our to flow current our We cash of and the a Europe. one-time the our of the would from included seasonality, $XX XXXX track operations in our deals payment with
overall department versus approximately basis and as margins socks year, primarily the line X% we Intimates take decline XX-month Basics, Innerwear store declined sales and Basics were Now just costs under segment Basics and driven points approximately the were raw market our to while share we trends Basics impact U.S. mixed channel as by operating the volume. sales mid-tier in we mass were declined both higher in to the as X%. underwear performance. material expectations. within in lower men's rolling last last On through basis, due a X%, channels. in our you outperformed the compared let year category. gained better-than-expected well me as sales Point-of-sale down in and sales believe declined Intimates XXX from with Innerwear
replenishment we space the increase our sales Apparel Activewear, referred earlier. respect mass the our channel. online Activewear Gerald With This to by exceeded as growth over the increased decline over in than in increase XX% strong which in quarter Alternative specialty business, offset gains the increased contribution channels last to a organic offset to more channel mass believe of in sales. and XXX Activewear due impact the Champion operating the organic that expected costs. the Champion by was the and more outside mass space material demand, growth and quarter more Champion, U.S. sales the driven in mix business distribution to in a consumer than declines in year raw X% X% million XX.X% expectations to in is $XX as in offset Turning from from mature. sales and The higher product declined margins basis points than favorable
operating last that Europe The in in and primary Growth these both our exceeded XX% N foreign increased On and currency discussed expect of headwinds basis realization including demand effects strong half. regions Things the strong, or the our year. with and we where million of due wholesale. where sales approximately we segment, in through and acquisition constant brand, sales broadbased Bras quarter, XXX million and points performance favorable X% the our As In of $XX second contribution over sales in retail last Champion online, the be grew stores last sales a million increased from driver our scale International $XX to compared pricing grew increasing mitigated year, synergies. organic of Asia rates. last year to to distribution International basis, versus efficiencies, for XX% primarily XX% margins was expectations. mix was efforts, were exchange particularly continued from and particular $XX
net time, margin we factors expect With the debt-to-EBITDA the in expansion we quarter basis. discussed to leverage, times X.X before, have these at segment. ended As further respect we a to drive on over same International
range we our end to discussed, de-lever back to be year leverage high XXXX, range. target within and expect In our Gerald to year-end. be the this As plan of we approaching by expect
higher our well FAQ as Lastly, quarter as our reiterated specifics. guidance. you as the outlook relates to it any year We With guidance, to quarter, I'll point second and as document our These call. costs release on to from headwinds included for second issued media full respect increased being and distribution initiatives press partially inflation, by quarter's the outlook and so the raw recent the cost offset well as from acquisitions. last synergies investments that material contributions we discussed are
currency outlook that certain quarter expectation Innerwear less also well as of in at on organic for revenue second U.S. into shift first assumes basis midpoint, highlighted X% Our reflecting his quarter as a the programs decline the a declines than our remarks. constant Gerald Champion seasonal earlier that in the
we So quarter. a delivered solid in closing,
cautious we with While to our diversify wholesale encouraged remain environment, U.S. respect our gain business to the that to efforts continue we're traction.
focused call and over consistent next expansion, debt. reducing our over back organic ongoing on turn margin the that, out completing more remain returning growth Looking T.C. to to quarters, integrations several we I'll the With our and
