guidance appreciate continued everyone. really quarter afternoon, and you us next and you, Thank strong good our fiscal growth discuss for We fourth today joining Sean, financial results in year. to our
our year will our fourth ask Lori well 'XX will outlook, call walk quarter as questions. open remarks, for the through as we opening us my I Following then financial results fiscal discuss to
price industry and has fourth Before luxury be quarter allow continues wine the segment, the to fastest-growing as $XX and a advantaged I few wine. above, which been segment frame bottle and per stage, define our positioning. the the set point within we current performance dynamics To me address highlights, to
segment period negative total grew XX-week the luxury a X.X% XX, wine healthy the IRI for a For according to data. compared as with of July X.X%
dollar segment, Duckhorn be a behind luxury top both We fastest-growing metrics. when scaled And to the were teens supplier driving wine portfolio volume context the has greater. peers growing the of the the ourselves within the growth. This segment's Xx fourth suppliers quarter growth approximately XX the understanding both Now in our luxury and and fiscal key fiscal the dollar within is for low guidance our with basis on force for growth year who our to growth comparing luxury performance wine 'XX. participate was segment, to continued
of Turning to our QX highlights. some
great on we both momentum the First, ended year and the line. bottom with top
again Vineyards growth, growth, all When at XX% and Second, looking growth once we sales volume rates, remained with and net the in volume annual versus a results, line depletions. XX%, for consistent while solid up as acceleration our organic posted brands by strong sales winery were three reflecting our Duckhorn execution as quarter QX across channels. year well compound Decoy net led sound
CAGRs in business look associated of health minimizes pandemic short-term the underlying long this perspective and most at noise because of year the the We dynamics. continue to is three the we term indicative believe with
expansion. meaningful period, we at outperformance Total average. points prior major drive of fourth, our metrics, distribution of highlighted and industry the up looking the strong, adjusted EBITDA company QX sales remained continue Third, fiscal And versus all margin to profitability, gross cases, sold on by double premise digits. year trends three accounts over grew well as as by off year XX% and
wine continue to list and of as look rate, brand slim Let's through down our year-over-year growth remains with They supply wines out will and share the on these strong have channel primary confidence a seek driver equity. of off-premise wines restaurateurs sell at a we consistent margin. strong on healthy and On-premise a luxury dynamics. take at
where bit And moderate remained a sequential rate. year before very restaurant growth when sales three we've and against compared up the reaccelerating metrics, high luxury three the trends consumer trends in industry single like fourth a through lapping All underlying quarter distribution some solid consumption moderation at also the to much year, continues prior third experience our seen growth suggesting While start results, patterns cases, wine of appetite in key accounts healthy, healthy quarter strong comparisons. on-premise a did dining out the pickup July broader enjoying August, even were points realized year in June sold digits. constructively, fiscal a for
our foresee sold a are serve tailwind offsetting 'XX. in expect predominantly wholesale channel, to luxury wines into year headwinds we heading As this continued on-premise the margins, we gross higher-margin certain for fiscal as partially
continuing a majority the respect will ability growth business, our remind is sold growth double-digit showed accounts, take year against solid year distribution type, of was cases, to investment and basis, our our With national double-digit channel, balanced accelerating of well consistent I our we a of to in wholesale points delivered velocities. to team, testament our success central prior our saw comparison. independent to and performance pillar which the account we On share. strategic Turning accounts in off-premise also a you represents between sales the three a which CAGR And growth. and and
I was Of now are channel revisiting model wines the our generate term. high-quality luxury In spend year, and on- or gives single-digit space of lens. growth. our of up our drivers accounts, addressable addressable fiscal 'XX. approximately to United expanding XX,XXX XXX,XXX our upon part which and effectiveness and approximately feature important raising reasons. wines addition, luxury as affinity considerable we chat the one-stop our the which of consumer our I'd few the in playing half wines, an we now over am from XXX,XXX XX% end penetration underpin or fiscal at stand XXXX. high XX,XXX accounts our that in for minutes This and wine to we of believe in like in are appropriate approximately distribution luxury the approximately roughly our the market us proud the how confidence see wines. year our a to appeared of States, off-premise off-premise that notable to XX% two our ability There growth opportunity Starting this year broad that high-quality XX,XXX net for the organic XX% rate last sales of white announce with accounts for is Today, licensed approximately longer
able have shows been our accounts to considerable First, by years And of we for to many past successfully clearly we have still years. the it grow digits come. double runway us ahead the that second, highlights over it two
have by Looking growth geography we to we thoroughly penetration out to channel additional year and the fiscal viable the end future, of achieve have believe XXXX. of opportunity by label, wholesale points five an future and path mapped distribution a our percentage
vineyards universe even the gains additional outlet, Decoy individual placements to though the the much we as single-digit our our distribution Duckhorn white single-digit organic grow we account new for the expected this a accounts from future support assumed And and account analysis, in period grown labels should past metric only, like have five, per additional considered is of over this and year both for Three, analysis underwrite Four, primary purposes penetration by at off-premise low continue significant our fiscal in within of account and years. are to rate over this no follows: through it and varies assuming in broad-based growth CAGR a per driver mid-single-digit Importantly, new high growth fiscal velocity 'XX and geography. TAM as we serve as increases. penetration stem to beyond. space opportunity this to growth assumptions outlook, years. growth to time Underpinning and the velocity net as account relates have outlook has which of label, will 'XX. fully purposes are implied our products per leave experienced minimal for sales our But our each growth as the well Two, still channel wholesale our account, future will One, our growth three forward, year offering historically. the at expect majority for going we high channel,
outlook and as a be our over in fully high on and confident execute are long of ability However, believe tailwinds distribution have how is our Based track term. long we in wholesale key our given space segment should the we growth know, you innovation part our Luxury, fastest-growing strategy. net white considerable single-digit organic record we outperforming of of sales the against well these support premiumization to very front ongoing reasonable which us long-term of opportunity it the to assumptions, wine,
we for continue will to lever innovation introduce an As incremental thoughtfully the into market. growth, new
of We one point our serves perfect second period, in our Brown every lineup quarter. new delivered proud in to This Limited Costa Decoy we Costa and from we 'XX, more Stepping back the of fastest new have release previously in response history which this our year XX-hour Burgundy example will strong ways of luxury and Brown. for fiscal a discussed of the products supply customers members of brand. of with including grapes our a a Brown strong have introductions delighting how broadly, luxury our as Costa out sellouts in fiscal at we sold are a diversifying price to the within of overwhelming be are release in had innovation
much in Decoy distribution with Blue the magnum us drinking wine, introduce prestigious Merlot, to double to excited continued brand, trade our delight growth luxury; market invest upon brand significantly to to our will price ongoing has and on point plan for focused Decoy our ability year supply which in platform; the Speaking in highly ever buyer, our to in number more share, purely highly the and Wine uncertainty Decoy and commitment even remains demographics unparalleled chain shoulders Limited of I'm I segment, consumer, favorable Limited white our wine. our confident up allowing nearly Decoy date, our This festive people sparkling I'm is is encourage to space customers; the luxury Limited that Sparkling remain Decoy as better higher leadership to given which Rose wine ability address store wines, luxury the fastest-growing our production of considerable near-term wine an come. you the while summary, front considerable In what the pleased and than innovate mindset greater experienced That we us. the quarter already have to us in proven yet runway our on macro. of results. of team; core pursue Label, said, uncanny best confident diversified occasions future their and increasing size. with full very we remind which stands distribution have ability and and capabilities; resilient Decoy I'll I grow strength; has as a scaled to and fourth new am aggressively broad average
XX to to are much XXXX it material discuss we taken the have Lori required and We I'll measured to over view With the changes nimble, event turn the like now year fourth how remain any our quarter that, and fiscal months have address past, outlook. world performance actions prudently to in the next approaches in we over environment. will to the
