sales were all a year Good Thanks billion. basis, Ken. XX.X% Academy quarter, and that, XX.X% on In and XXXX, delivered of to objectives forecasted everyone. XX.X% comparison again discussed, basis. on another once + executing the record would delivered a results. we successfully Outdoors one-year just we two-year sales Sports Throughout we Ken year. $X.X comparison fourth that profit growth sales consistently a the Comparable strategic and financial morning, by record drive net and quarter grew
delivered consecutive last of seven quarters showing comparable positive with growth. XX the double-digit sales We quarters have now
Our the year. and and $XXX the for $XXX grew million experience. for sales we to that E-commerce the XX.X% accelerated expect half continue we as X.X% increased the e-commerce improve for XX.X% refine year, merchandise million of sales to the sales growth growth year. of to quarter and were and X.X% academy.com further the back to E-commerce QX, in
fastest-growing fact our markets attributable that across record growth our geographic stores footprint. located in the are is the to share market States. These partially United gains of many the driving in gains are Our
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margin. gross to Moving
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XXXX. XX.X% record For dollars were the $X.X increase full a over year, gross margin a billion,
supply and that margin highlights gains majority XX.X% extremely these work reset gross Our rate of margin the was chain new sustainable a to in of outstanding We margin and planning have retail our an allocation rate dynamic level. rate believe the environment. accomplished are
management basis is XXXX. quarter were SG&A Our lower our also than QX which record performance. disciplined to sales, XXX contributing was expense to XX.X% approach expenses of points Fourth
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year. nearly and XX% position The billion, in in XXXX. full $XXX to we financial no Looking the generated credit $XXX puts in billion customers the our borrowings a $XXX flow outstanding ending in million million adjusted and cash XXXX, $X at us quarter which balance inventory compared $X.X an We to balance ended million strong with sheet, our a service the during position year the on increase facility. free fiscal was in cash strong for
We and position improved last through long-term have and two balance drive we the plan use significantly paydown to our growth. over repricings, years, to our sheet debt improved
$XXX a million cash full during our and The million returning million fourth is key allocation part shares XX.X why of shares company before million the discussed quarter long-term $XX also capital initiated quarterly and is have we for a retired for strategy, As shareholders repurchased for which year. we X.X dividend. the recently repurchased to
guidance. Now, about to I'd fiscal XXXX like talk
wellness, the for family. strong over and gear towards We with enjoy and shift demand sports balance friends and a successful There our to to macroeconomic together work-life have and year, performance. strong We believe consumers will believe XXXX through experiences priorities, last and execution overlaps. chain demand, the time stimulus will have seen the two headwinds key inflation, of outdoor making we supply drive are made years and that need lasting some with including meaningful manage this
built and that of through to guidance we have reflect year This we years plan. any performance over initial thoughtfully we clear XXXX a makes challenge, last can our when Our financial of we effectively each the weighed navigate effect our scenarios. two created full the range
to toughest For fiscal as boosted sales the X%, anniversary to comp stimulus. from down are QX comp QX expected government range XXXX, year which of was a with from XXXX, down X% in comparable we XX% being the of significant
rate to but primarily basis margin for is a XX.X%. XXX fiscal XXXX. return basis than than full expected still from more XXX points to higher XX% less environment is XXX to This to gross year retail decrease XXXX. The Our XXXX range year the last in XXX expected normal the to fiscal is from due to points
XX.X the $X.XX from of This on $X.XX of range offset GAAP include by to per expected diluted diluted excludes higher estimated have average per promotion. share share full does supply to from We AURs which increased repurchase. per potential $X.XX expect Non-GAAP per shares and share million to million, based are earnings range elevated level are outstanding to stock weighted comp earnings to costs any year. diluted $X.XX share share, for expected future $XX share. chain
In to million in $XXX million free flow expected are to expenditures XXXX. for generate be approximately XXXX of capital $XXX million. total, to expect $XXX We cash
new capital of our open terms several ongoing complete store plan fund XXXX, eight In growth stores, current allocation and we in remodels, assets. maintain and initiatives, to new
over million in for turn execute that, to operations. share We share With for call more discretionary merchandising also will is there which Steve using expect the details and now program existing repurchase to the I around repurchases XXXX, Steve? $XXX remaining.
