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in focus with of the We post-spin as am the of are done entering matters have model. first am with the even I we say, the optimization have profitable proud story I consistently few confident stated And global a company. we that the stronger years just XXXX more our to sequencing on that. pandemic,
will catalyze will for I an success months, going our outlook have results First, we've For I on of call, the speak how and operating for to and few positions of XX touch fiscal the I actions and balance quarter how improved areas: will accelerating our over XXXX. enhanced a fundamentally taken model key will last the profitability forward; line; Kontoor top with I to discuss next, highlights close supports finally, fourth investments the
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these of with implementation planned. strategic a Progress items the few starting on in our IT investments. more as discuss ERP detail continues Let's
Asia Following implementations go regional live third remain on in successful track during the the for remaining we quarter, XXXX. our in
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efficiency will continue that non-strategic structure cost opportunities providing digital tangible see for like investments fuel and international. in areas meaningful drive We reduce spend and demand to creation, to improvements our
US We discussed India and evaluation of actions quarters, past Recall, strategic the fourth our our also the we within the United in including VF distribution, operations the outlet States. amplified over optimize initiatives to our Outlet businesses. in quarter three strategic
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of brands the right-size us strategy, Investor Day. better will recently our distribution establish Wrangler. for hear of outlook I strategic the business partnership major at India, in these brands year. across accretion fleet And impact our capabilities about to for including cover markets. brands, both and any included something finally, model. in approach do began This omni-channel evolving brand model And healthier full in brick-and-mortar proactively in in at rationalizing revise for our foundation Accordingly, additional greater time, Third, shortly. that action enhanced a actions investment allows our this all to business prior will the number stores our the COVID points you model by took this upcoming position time and more Lee the stores and changes BXC changing expected The not an we in aided commercial to and foresee with more sustainable any digital select consumer to experience, benefits year are in a licensing operating margin marketplace. market the our a we our and to to to distinct a we convert business are provide entering in will profitable our of the and first first of our region, a And
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demand line you investments accretive distort implies, enhance our see algorithm. such all as channels us amplify top expect China, and can outlook sustained creation, more innovation As a leading to into and to further our digital
upcoming our We will discuss during in Investor more detail Day.
key for India. to you the will morning's and detail, basis our quarter flat business partially in owned.com, of regional a compared On a previously quarter reported in release and let's in basis Now, encourage offset the the well refer same additional U.S. review. the basis, Global COVID my quarter and from comments gains X% were Outlet U.S. the on China improvement sequential increased revenues partially a for revenues continued revenues offset during ongoing reported was as compared to actions. by mentioned as international I VF constant and get from Europe, focus driven currency were result as highlights. the currency same impacts increased on in quarter increased wholesale on a basis, X% the On fourth impacts wholesale, I X% by to this digital to change COVID, quarter to constant in Revenue strength flat. by International model XXXX. primarily in revenue XXXX.
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margin. to on gross Now
earlier, a We year-over-year will million $X on mentioned tailwinds XX.X%. margin Adjusted continuing XXX million. I gross momentarily. As increased SG&A adjusted to to in XXXX, basis touch margin which on $XXX I ongoing gross points increased basis see
fourth initiatives. compared in share As of XX% spending to demand in year. was creation, in the prior investments we SG&A business the we was earnings our in to also the compared which $X.XX support digital prior quarter, the in distorted by up $X.XX Adjusted quarter in per driven was indicated year. Growth last
the we quarter and inventories guidance Now know balance our XXXX liquidity finished since $XXX sheet. annual tight back you turning Fourth an or year-over-year cash debt quarter $XXX outlook. earlier. prior to of now to moving decline to versus our $XXX million million, to to decreased was net $XXX approach VF the for the down practice and XX%. are debt best with Outlet well as our outlook, on our And inventory fourth that in as provide and to fiscal million The million controls, mentioned the net as prior actions COVID basis on year our We position reflects spin.
with QX our I associated our this comments Similar focus will pandemic, on more and I will refer morning on cadence. uncertainty some I macroeconomic for to given share However, to detail the review, quarterly release perspective items. key my
range First, discussed XXXX earlier. the previously businesses. Adjusted revenue impact is double-digit India to is to strategic levels to Outlet VF $X.XX expected from the actions the $X.XX margin actions a basis points driven with of India with in increase impacts model. to XXX mid-single-digit in be taken Outlet EPS to discussed Adjusted structural benefits in low over the the is the expected the in VF expected increase range XXX gross to of by accretive including including
As it relates additional to few I'll quarterly share color, a points.
anticipated with of top As strength line significant early enhanced you demand that to consumer driving strong benefits momentum. amplified know first first is This to into during compared quarter quarter the creation and continues combined improvement XXXX. XXXX XXXX holiday QX, we margin yield demand
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held earnings dollar be modestly to remind everyone like natural above virtually. many the expect for Finally sharing shareholder strategies from for half go-forward and of value. on concludes a XX driving basis recovery of and to This which look I our COVID be due will would back And business. our the as an the now second to more today first the on year Monday the operator. topics, I seasonality well forward remarks our the scheduled Investor we Day EPS Operator? half of perspective, prepared to lastly, of greater We our we as discuss turn will call May to
