everyone. Good Thanks, morning, Tom.
year. As Tom pleased for in noted, we're EBITDA strong the and quarter sales growth fourth full the with and our
to the segments Specifically as price to favorable increased a X% our due sales billion well mix. favorable up by was Price mix driven quarter, and X% pricing Global just over volume. in as mix Foodservice good in actions of balance net and $X
our the point Global our segment. we in led about acquisition year, fiscal X% Australia X.X added in Packers, increased by of that growth. volume closed in Volume growth Marvel our middle of
in $X.X $X period. grew million efficiency commodity included impact contracts Higher profit input or to the a to line in Gross million to increase, offsetting mix million growth than Oregon. price by loss gross to points $XX of chain in, tempered profit volume loss and XX%. start-up compares prices, was to quarter. of percentage increase inflation. sales related unrealized Hermiston, margin in supply increased cost quarter points. $XXX our $X our a fry also to $X.X million savings up also drove Gross volume X prior-year year, in mark-to-market All down XX% french billion favorable transportation, million X% the mix, quarter. cost the the the this the was X% This approximately more adjustments hedging gross manufacturing, XX in profit basis The in For with the up related of and
XX gross unrealized the start-up Hermiston excluding mark-to-market basis and expanded adjustments points. margin the by cost, However,
growth mid operational chain french XXXX. gross more higher XXX largely to the price Richland favorable depreciation basis associated our primarily cost offsetting inflation supply fiscal expense, and that profit improvements points than margin fry gross became The For year, mix, production XX% expanded and XX.X%. in driven volume with in were and line by grew productivity
items year sales, SG&A Idaho. $X increase operating due about was comparability operating was In the promotional information marketing, Advertising $XXX growth million last capabilities increased in quarter. down $X about and due timing million SG&A Grown and the impacting expense expense to in technology support spending to efficiencies. and to our behind excluding of investments drive The to million in
less $X up was spending than A&P year, million. million $XX to the For
last noted, increased to sales to We behind food initially growth. Tom as the quarter income the fourth made quarter million $XX addition, contribution and foundation. million on profit strong operating focuses or XX% Adjusted set we in similar our million in an we a additional the which contributed charitable In foundation, $XXX when combating up year insecurity. $X gross
gross and up million. operating sales was higher year, the quarter, was profit, For fourth offset income to by adjusted partially to the XX% due $XXX the SG&A. to Similar increase higher
Equity Lamb-Weston/RDO million earnings which our include Lamb-Weston/Meijer from unconsolidated Europe method in in joint were the $XX ventures, investment Minnesota and in quarter.
were adjustments Europe hedging higher mark-to-market costs sales to contracts, million, Excluding volumes commodity poor with to crop. due earnings down largely $XX and about equity in lower raw related potato associated
were For million. the year, earnings $XX equity
declined million Excluding the $XX earnings due in the about issues Europe. mark-to-market to impact, equity crop
EBITDA it million gains for the proportional Hermiston partially acquisitions from putting in our startup ventures. adjusted decline $XX this all by unconsolidated offset business ventures contributions joint EBITDA X% absorbed base including about joint increased was of million the million losses quarter. from two EBITDA Operating our So $XXX million together, higher or by along growth. our drove from $XX and with unconsolidated we to Even mark-to-market a EBITDA $XX though costs,
$X EBITDA our or the quarter. high-end the third range about of quarter the That's despite $XXX mark-to-market the increased we the fourth million of to that million. charitable the million at guidance at year, to end and foundation the in provided XX% contribution losses For $XX
Moving $XX down expense year. interest million, is the to similar income was which prior about statement,
benefit XX% the rate Our of about effective items the excluding tax of discrete was comparability items. impact and includes
the was our about XX%. rate year, For
drove lower Turning the a $X.XX to or from earnings. $X.XX diluted Adjusted earnings and offset base increase, to and share. the was $X.XX per a rate benefit tax from lower equity quarter. acquisition our XX% up BSW by partially benefit business $X.XX approximately the Operating in EPS in gains
lower was the diluted equity acquisition. earnings. or to $X.XX. a adjusted and $X.XX operations, by $X.XX lower EPS rate by benefit was increase gains partially reform a These tax were from up to a year, from from tax offset The $X.XX driven higher BSW U.S. the income For XX% benefit
includes increase markets, strong increased by pricing Now driven primarily in Europe top each as to of associated the time reflecting rose Sales our North chains for as customers XX%. grew in international the sales other business in sales challenging up to which well strategic Global Price segments. by the was let's multi-year including America, contracts. growth outside adjustments results Volume The limited U.S.-based with crop review of affected were as X%, all the and sales offering segment, customers the U.S. for quarter. in of XXX products. XX% mix key well as
In about addition, of volume X the point Marvel growth. acquisition contributed Packers
For profit up price the expense, $XX volume million less with X year, promotional gross Global points sales contribution increased X. or grew Global's mix XX% up is margin, and XX%. which product advertising and
it's up offset year, XX%. mix, and the by the supply growth partially For million efficiency increases, inflation. savings Favorable cost volume $XX chain or price which drove were
for lower basis XX quarter, margins of segment's price a Global's basis more than offset higher segment's some decline. margin Increased average sales, makes and than accounted in percentage dollar points. international the margin on carry While which declined volume growth costs the generally the the contribution
year, the was margin percentage contribution XXX Global's up product For points.
services Foodservice Volume chains the mix. mix the in increased by fall of distributors customers, Lamb North X%, quarter. Foodservice Weston branded outside Sales products. well Price reflecting led XXXX of restaurant as and American improved growth top X%, of which American for actions the X% initiated our the as XXX North benefit pricing restaurant increased segment, increased in
mix For X% year, up and the with sales flat. volume increased X
Foodservice's the XXX percentage basis margin in $XX margin quarter, contribution product or increased while expanded points. XX% contribution million
chain contribution For cost driven and savings expanded segment's and the basis were offset up margin year, increases million were by the favorable and The or points. price partially XX% mix inflation. XXX supply by percentage was $XX efficiency
behind and portfolio. Retail segment our Idaho in X increased increased X% branded largely sales volume in Grown the fell driven In label. well mix due as products growth support by Price points quarter behind X% increased to branded of of Sales other our trade as private
XX% and up year, X. X mix up For sales points were with the up volume price
declined lower margin modestly promotional basis in fell and contribution increased offset advertising as percentage trade XX quarter Retail's product points. margin Retail's support. the expense contribution
increased margin or XX%, contribution margin while Retail's year, points. percentage XX the For by expanded $XX million basis
cash to our and sheet balance Moving flow.
the Our at total adjusted was debt net ratio end to $X.X debt X.Xx. quarter of billion. the at about our puts This EBITDA
being continue We leverage comfortable Xx potential term. We ratio the remained continue of below to long we range explore over target acquisition to to that X.X opportunities. as
million that's a driven by growth With cash result tax to from we $XXX XX% from cash about flow or last generated the about lower respect for cash up year, of versus earnings operations, and about million as reform. U.S. year $XXX of taxes strong
business Our we including million be construction our XXXX, continue top priorities fry through organically in deploying fiscal expenditures, that on cash new Hermiston, line french and of In to Oregon. about $XXX investing to spent capital grow the acquisitions. in the
in acquisition in million about $XX completed Packers and the also our interest remaining expanded of Marvel Weston of footprint purchase We Lamb the for about the with global million. Australia BSW $XX for
program, million had we our share in repurchased buyback XXXX, we million Finally, in of in about million a remaining about we about in months XXX,XXX $XXX shares the end X repurchase for the $XX paid fiscal which At $XXX shareholders. returned we dividends $XXX million. in share cash had authorization. to We and nearly
Turning to outlook. our fiscal XXXX
overall anticipate to we noted, generally with in remain Tom demand environment favorable markets. the continued solid growth As our operating
overall our more guidance industry capacity while normalized taking providing philosophy, Consistent fiscal strain to approach processors allow outlook. assets on also the customers with a at their New easing support should growth. prudent to our operate more flexibility factories rates, we're to those XXXX
quarter. the XXrd grow of fourth Specifically, which targeting benefit week, to mid-single the we're rate, digit sales at will including the benefit
will primary support operational line, the end Oregon The expect became which XXX-million-pound from capacity growth. at growth. production our incremental the help volume We available that of be Hermiston, of driver -- XXXX sales to from
In to all you million consider shouldn't incremental. XXX the term, near be pounds
when years to production As market meet the Richland other maintenance up some shift from line commissioned we to lines, Hermiston X time evolving down we'll the will which as retooling ramp of facility. well ago, take deferred take also needs. some for as to We'll
pricing growth, In incorporating to inflation. modestly our taken enable in outlook. increase to us discussions and offset a volume cost results prices when the prudent of we will addition expected input approach expect We've
chain segment process about we're Most restaurant renewals of in our negotiating a of of And agreements. our volume year. this for our segment multi-year the Global in Global are quarter contracts
discussions and there While so for the proceeded how disciplined we've always We taken strategic encouraged approach these far, been and customer competition to have relationships. by remain maintain is contracts. designed reinforce our
to couple price to to As unconsolidated including XXrd the embedded continue adjusted Tom EBITDA, range noted realize multi-year including week. of for contracts benefit of those years, earlier, of the ventures, over the those were past the be million joint $XXX We're contracts. renewed restaurant increases $XXX in in we'll chain the that million, targeting
expect growth a and drive volume will profit EBITDA portion increase largely We drive growth growth. significant gross the gross will -- profit gains of that
productivity and reflect mid-single-digit noted, and/or well price they just line. the potatoes pound associated in price expense as average to determining basis. potato higher of how Potato potato yield, in on I an understanding new input, in and increase up a as actual low warehousing with should one our As rise quality cost. element mix The prices, hold per our key as offset in Hermiston perform savings costs. are production favorable raw transportation weighted the you Contracted and costs the may our all in to in range are manufacturing, storage an production only the how depreciation recall, inflation contracted facilities production total increase
initial don't this see our As average for negative we areas. North crop outlook, American financial typical, At provide our an the growing in anything our assume we targets point, when potato crop.
as that We're will in by growth, higher crop favorable and investments a place we implement potato We'll a have combination investments offset harvest sustained increase largely mix percentages. innovation incremental quality later to more yield reflecting savings, a other chain price inflation capabilities in year. Through well support as expect SG&A, and gross in the volume system. margin projecting gross supply the the insight be of of the as into profit sales, and ERP the partially and takes new
excludes base of advertising which target as SG&A, to continue expect and We as be of our our to expense promotional sales. will X% X.X% within well investments ERP
this ERP to other expense year. the total XXXX, among depend $XX point, A&P with what million the line for targeting and we're At in the we've estimating we're of our While fiscal in ERP $XX will implementation. spending pace on spent million factors, expenditure between remain
expect noted, the be previously implementation spending over the we which, total we our to we to As years, until couple expense begin create SG&A excluding after expense. A&P we'll elevated ERP total of SG&A our reduce next
expected gains, to realized benefit approximately acquiring BSW. In outlook XX% Lamb our This includes the in our an addition consolidated venture our million Weston operating first fiscal the of will of earnings XXXX. $XX benefit half be from joint
which Europe, earnings, fiscal increase an equity potato For in volumes results average costs and decline we're drive an as should assuming sales versus crop XXXX improve.
continue results last However, new With helped crop, half the the the potato moderating it respect while as crop. recent XXXX challenged our the through European JV's in the and heatwave, recent be of to futures increased to to the have rains old of temperatures will through works crop. first fiscal response European processing
crop determine still too it's will However, the perform early how overall. to there
with an targets, tax fiscal XXXX. to is our in XX% of about addition in as targeting to we expense rate long-term our target. operating same XX%, of around $XXX effective anticipate the million, which We're total interest line is In which
maintenance upgrade expect capital relatively in $XXX large well replacement ERP as some about the of support expenditures million, capital projects. as which of facility and We includes
new reflecting from amortization primarily this $XXX with million, and depreciation total up will be $XXX expect approximately expense expense we finally, production Hermiston million depreciation associated line. the nearly year, past And
growth, volume a level, our at at price outlook looking by sales mid-single-digit fiscal high we're and So growth largely targeting higher mix. modestly driven XXXX
unconsolidated For of profit sales including earnings, driven expect $XXX to $XXX we gross growth. largely deliver joint and million, million about adjusted EBITDA, ventures to by
address. Tom, Before more there's item one to back to turning the call over
financial We XX-K, press not do our information our in as will general will result morning's during of Form expect we in matters material began weakness efforts remediation the control. we XXXX. soon expect and the material fiscal stated a this that a technology any statements. deficiency in We As to report plan changes these to to completed as release, related in an remediation be weakness practicable
comments. closing here's Now for Tom some
