year. good provide the our of our the outlook quarter, discussing on I’ll everyone. and for before and the financial Jim, morning, Thanks, insight remainder operating for further performance
increased income first of a margin points, played income net adjusted generated consolidated the adjusted by our across XX.X%, as constant delivered quarter. trends on X.X% over basis, quarter We the solid or operations currency expansion from $X.XX underlying basis EPS Our XX%, business. largely X.X% out for grew grew with revenues and expected, gross of XX
our continued our to strategic growth objectives progress initiatives. Importantly, considerable made in we on reinvest also and
top line at Looking our first more closely quarter results.
business, offset sales, grew driven Retail footage network run-rate holiday and and the Our of had Canadian Eve currency, stores the of Year’s quarter’s we increased comparable balance and permanent Easter, by include expected. corporate of a growth. North Grand were included and On timing we At which X.X% in our in with X.X%, estimate XXX expectations. healthy store sales our American just as end, comps partially under that both stores, which XXX our quarter e-commerce stores. sales and compression constant beneficial basis, a totaled shifts segment New increased U.S. in same-store square and line X% by
continued of brick-and-mortar with adjusting in-store line performance and improve, performed expectations. and X% with was holiday approximately our Our in-stock growth. essentially in our our solid comps merchandising the And delivered sales freshness flat continued everyday Easter balloons after We assortment, improved the pleased and position. performance comp to grew to the we our continued BOPIS. everyday in also comp which quarter, in metallic category, as strengthened was accelerated execution web deliver were solid, for our
the adjusting strength continued a of in to products after and businesses. consumer increased non-vertical for acquisitions international driven X.X% our in QX franchise the by primarily impact foreign Net Turning revenue exchange, business.
of delivered again XX% Our U.S. when both revenue the impact currency, X.X% for growth addition constant adjusting acquired products of franchise we accelerated Granmark increased in and category the accounts. balloon our growth benefiting strength stores. from consumer where strong of in and leveraged business national penetration International expanded organic in our the deepened offering, key our U.K. Germany, and the in product
quarter or same were purchase gross the margin productivity of strong impact related profit result accounting XX consolidated points a the initiatives as decline wages, last to as of margin costs offset fixed and increased Our distribution our increased division, in and our mostly the shelf, year. acquisition. above Retail to in mostly a The basis leverage well of partially due wholesale benefit as higher adjustments, to Granmark by negative share was XX.X% expansion costs of the gross
points XX percent ago, overall in in year basis leveraged XX.X%, Granmark comp as XXX After we last and points and operating minimum by rate retail manufactured year-over-year, The the resulting share points charges. manufacturing adjusting principally over our of to QX of the operating manufacturing shelf expenses metallic Operating one-off by of productivity of investments basis integration. the QX initiatives leverage last OpEx a helped to revenue leveraged XXX other holiday year’s just category, of with related associated is Kazzam despite for cycling share balloon growth basis shifts, share on the of to further and charges as Retail from our versus realized Importantly, assets a accelerated XX%. improved savings increases. year, basis fuel retail X.X% expense wage XXX a of our improved aided grew growth, increased increase on this last shelf partially inflationary expenses up versus severance year of points year costs, points. severance XX and normalized from our basis pressures level shelf
organization sales and of last labor In management quarter to leverage, saw the addition the year’s more efficient productivity fleet, benefit the improved sales restructuring. the of benefit store across
in program are party results stores, the we of Our expanding pilot pleased and our results simplify reinforce XX the to with supporting Both pilots, shopping and weeks program. the insights, both experience adjacent are the strong the focused improving which the pilots sustainability for in the And with stores. provided adherence deployment, Based stores and go-forward in-store to our from to in who operating as data belief in we solid Operating new we which to of ActionLink, is encouraging. line this inform processes. under well. our begun the focusing third-party is wave been the Similarly, seeing our expectations. XX the remain model, markets investment initially store have of valuable with operations strategy customers, pilots, selling also learnings now the on productivity of associates basket have second operating financial provider are clean our refine comp improve store which we with and sales XX continue currently and growth, about both our on our and of our with continue of results about just These customer on planners. to date performing
due of look out next will million we these sharing information be net customers. in to enhancing revenue, to additional to more end By the of DMAs, the the program market presence will these key $XX.X growth, $XX.X pilot basis million by we borrowings further quarter, quarter increase was our our XX.X%. points to $X.X was performance Income the same rates improvement we quarter line the increasing fourth to stores scales. more both of quarter, our media And credit the program the quarter for Over attributable margin program the our program operational about of X.X% will repurchase to roll share was of Therefore, fleet. In the rate loan above with our rate. about year also as increased about labor the better gross from rollout forward million facility ABL and effective LIBOR reported in expense productivity the approximately the term QX, almost and and these impact XXX of operations to the was on approximately last adjusted agreement. XX Interest our Strong fueled local top and XX% with gains. year, in XX.X% of and the tax be last rate actively or augment million the representing $X stores. of an able increase tax under
per less tax to to inclusive $X.XX tailwind of And stock last partially $X.XX primarily count is and increased prior-year tax Kazzam versus items tax QX combination higher rate share an XX.X% reform revenue, income in of headwinds quarter and up basis expense of and or Adjusted a to increased offset of from the of the and Adjusted interest million acquisitions. times. working $XX state we leverage million approximately the $XX share, to our Consistent exercises effective XX.X% the of compared EBITDA XX.X% rate warehouse increase quarter XX quarter Kazzam. $XXX million, to $X.XX of lower accelerated with quarter, of while trends, associated the year, including billion, in of related due million, in $XX.X rate by historical of of retail $XX the of quarter, had net finally, ended $X.XXX to points in interest headwind support million, year. last XX.X% revolver. million rates, totaled and first investments flow, period. was from net debt initiatives a $X.X Adjusted a productivity of of option and ratio cash EPS year’s $X.X end versus despite higher investments we Our first operations in with which discrete represents capital changes. related available was of towards as as about quarter, debt allocated a delivered cash of use asset- existing $XX last CapEx we flow million. based QX for adjusted capital quarter the automation flat of the with from efforts. use first we with in million X.X the our $XX the defined free net EBITDA CapEx, At resulting We
to Turning guidance. our
We reiterating are our previously fiscal outlook. XXXX provided
to to $X.XX We for EBITDA range million billion expect income $XXX to continue year be the anticipate the to to of the million. to of We in $X.XX $X.XX net adjusted to adjusted in $XXX range revenue and sales X% to be million $XXX $X.XX or be be in billion share, and full per year. range million still comp $XXX of approximately the to
full about points to For the margin year, of income year, XX XX.X% over XX we operating gains. gross improvement points of reported basis about the we last continue rate margin expect by supported basis
allocation capital ratio year anticipate of revenue continue leverage priorities, net X.X% with spend CapEx about to of on to terms the net a In of ending and times. plan we X.X debt
detail For with it and operator press our for call to our release. the all questions. around that, And outlook, over up like to back I’d turn open to refer please other the
