Thanks, Gerald.
website reflects had to minor impact our I to The over share want XXXX from Before IR period fourth to These tax earnings revisions our prior our revisions of primarily three-year to to highlight income balances. document revisions adjustments XXXX. quarter cumulative our results, results. I that a period per on $X.XX supplemental discuss relate the
our Additional information FAQ as can well be in our as in found document XX-K.
and operating we quarter Now Overall profit adjusted let results. with Revenue, line in fourth me solid discuss earnings our reported the share were quarter. per guidance.
over year. high the the end well for cash slightly quarter billion operations constant on of increased While basis, from as a our a exceeded $X.XX shows flow range currency as prior
and reflect wind our from activewear million commodity or and as in headwinds with a Our well expected of segment mass the down the Target. planned $XX [indiscernible] exited channel as programs CX results
year. over Adjusted quarter XX.X% $X the gross basis points $XXX last to in both and activewear was headwinds million year as currency and increased to in segments. margin profit operating higher margins compared the million last our by Adjusted innerwear included driven of XXX
increased XX of related and offset retailer Both prior Australia. share earnings distribution adjusted a in year operating basis GAAP the and over strong and of of over year more XX% million unexpected adjusted XX% higher bad to respectively. as charge prior per margin Our than points bankruptcy increase our an approximately gross performance XX% $X margin were debt an the costs $X.XX,
the to In quarter million million operations, cash flow from we in generated $XX an $XXX prior year. of increase compared
operations. million paid in year, million dollars generated the from sheet, flows balance down respect our cash to more full-year of and than $XXX last as For $XXX to debt. by With inventory million balance compared we the record reduced a we over $XXX we
on brings a back times quarter leverage first peak full-term This EBITDA in the end the debt at our X of times. us down our was is adjusted of X.X of one quarter Our to XXXX to range and X target from net the within basis.
that performance. take segment fourth let quarter me With through our summary,
As compared declined U.S. last to sales year, X%. innerwear
margin distribution However, the operating basis and points as increases forecast to than volume. our higher XXX quarter expenses margin XX.X%. lower X% offset expanded profit earlier more our operating unit from operating cost profit price exceeded increased as the The lower and in commodity and benefits
a an to resets door basics large due from the at planned and than quarter of For revenue retailer. disruption earlier impact closings X% declined the store mass
a positive fluctuations, term are impact we the our beginning basics believe resets have once in completed these on this While half will short second this causing year. of business
sequentially our And our bra as business. with improved respect driven expected, business, trends our Intimates to by
as efforts traction. and XXX increased For basis the and revenue nearly margins bra quarter, the innovations revitalization year operating new our improved over points product last slightly gained
sales Turning were expected U.S. than result over and our earlier. $XX X% headwinds better referenced segment, I was of last [indiscernible] million the forecast. nearly to declined year-over-year our slightly year Activewear
prior which XX%. Champion declined the million. $XX in sales, excluding $XX than our compared better sales forecast. CX of year, Activewear XX% approximately declined remainder was to And segment revenue activewear CX million, increased or As our
declined sales. than our was of XX benefits by higher including the remixing activity Activewear's including more operating over cost. the basis higher by distribution of Champion higher Activewear's of XX.X% expense driven gross margin year. offset mix SG&A increased the in prior quarter a margin This points
the in our prior and forecast growth XX% million XX% mid in businesses. growth than expected On constant over revenue nearly basis and increased increased international our X% International single-digit innerwear $XX segment, In Champion. better and or in was innerwear with by year driven results activewear above currency sales a stronger
were international points the benefits last operating expense well XXX sales as of $X Australia cost as from higher the as currency in line were the year excluding and short-term expectation. Champion last million XX% margin referenced declined businesses. as International's I on sales over Touching consisted pressures, XX.X% year increased more XX% transaction our than Champion offset and growth with basis briefly our earlier. of business, bad debt FX CX, global in over both our domestic the constant This
to turning Target now license. our CX DKNY we've of on And and This for IR a and our business a provides exits adjusts and Intimates the guidance, ongoing between information representative XXXX website. rebased for financial table supplemental XXXX that the comparison table of provided XXXX,
all XXXX you also During my referenced for guidance FAQ discussion, and our details. release document year-over-year were results. to I'll rebased additional point guidance press comparisons our
frame few However, XXXX to I thoughts would like outlook. to share a our
strategy solid is accelerating We growth see capital reduction to identified sheet as year and enhanced drive we've and first actions improvements those beyond. to allocation quarter share profit even further per growth earnings cost begun With is is XXXX a expect generate comparisons. strong difficult with the in last balance to we've additional expected profitability our expected
guidance $XXX we down adjusted operating XX%. is full in lower move that X% and growth benefits midpoint expense expected planned we of repurchase year the profit implies rates and earnings early With P&L. per growth approximately year, of At of our from XXXX expect approaching million demonstrates adjusted share X%. the share growth interest revenue dollars Our the as approximately growth accelerating guidance
these year expect $XXX to capital $XXX any times to to cash expect After leverage We from decline million flows by With end. allocation we XXXX. generate Approximately to the $XX additional restructuring our X.X our in of million million expect initiatives of of operations. in actions, charges year, this the CX other to $XX exits and are million license. costs related approximately we respect DKNY charges and
incremental which XXXX primarily reduce to restructuring in isolation restructuring our charges Approximately we The actions $XX $XX remainder of chain costs remaining In million expect approximately additional profit focused on in $XX the previously million supply million coming actions planned. to of related to XXXX. our supply within deliver further with XXXX $XX and chain. these are million were coming
innerwear timing displaced transitory issues growth headwinds Within last Touching large value segments. a first a competitor year's quarter, and are and on and facing quarter from expect first to shipment revenue at in and International as socks the we operating large a U.S. we the we U.S. [indiscernible] retailer. profit due innerwear
the year is year. due term the International's to as quarter a We also in I increased previously to support the growth expected currency quarter short constant the our continued profit Asia large is returning And in store decline short-term of this timing operating when compared transactional revenue in FX before single-digit quarter slow last to as due retailer. our expect Asia to mass expansion basics expected expansion discussed business cost pressures. disruption well second first investments International to to the reset to at to mid X%
in our resets and intimates and the as in exchange operating channel, rest certain our the profit increases markets benefit to international cost the expanded and savings the growth of in in continued distribution mass completion from foreign chain year from For price expect store supply the rates. restructuring, momentum business, Asia, offset cost of we we pressures the revenue
And we've closing, capital our us within our growth We now, strength reached delivered beyond. targeted a allocation quarter of business sheet, model, and back strong our and tools, In our improve we returns and XXXX the business the accelerating initiatives believe our our number combination brought program range. model. of we've outlook our shareholder us as our behind point for total to believe and exits balance on leverage earnings delivered all for as suggests, and in inflection position solid of full-year. we and an are results We both
the call And over with turn back TC. I'll that, to