back-to-school selling. Thank increases strong Good you, X% volume North sales the morning, price up everyone. segments based on growth in America driven in and posted record across We quarter, all Boris. by
or and exchange share record net the adjusted per higher impact also million $X.XX based reported We of from higher second offsetting $XX.X income rate. quarter tax income foreign operating on negative a $X.XX
expense of EMEA. from management and the XX.X% to in a leverage was Slide due XX% product of international SG&A good percent shown sales. America higher in X, mix as unfavorable last sales year As North one-off margin primarily expenses down and and from were on gross down slightly in because to XX% expenses quarter
income an XX.X% increased and sales. basis, Operating to cost higher operating adjusted last year. to income $XX $XX due increased net expanded million operating to and largely from savings from margin On million XX.X%
be XX% our expect Our quarter. rate to the in full adjusted XX.X% to adjusted still XX%. We was tax rate year
input channels to Kensington turn and by all was continued details have tariffs. pricing growth in strong back-to-school Net to orders of some X.X% we brand for of products. X% almost been growth and offset saw contributed rose North and that segment and sales needed driven our let’s in Now, inflation sales America new Volume results. X.X%, the
faster mentioned last due of we and a third quarters, quarter, our second As in back-to-school and carry higher channel proportion shipment. mass such e-tail the sales growing merchant to
back-to-school would on from view expect by do We and now sales that driven increased consistent and X%. margin back-to-school North when tariffs. that growth our XX.X% America we last American growth initial last anticipate and be which savings than price increases season XX.X% to to offset year's was operating better grew Our sales year with inflation higher than North X%. cost
now North year, flat single expect close sales low down than For the rather America to digits. be to we full to
and our sales In of due sales decreased the segment, the and reduced strong from implementation higher year EMEA last shredders. Currency X%. million to the decreased law Comparable our to approximately of by $X warehouse quarter or European sales led sales of Easter ahead which sales benefited X%. had privacy moves first which timing
EMEA up $X and low to adjusted expenses. Year-to-date volumes in EMEA due sales one-off slightly. are million comparable declined operating income
added in We which in expect due the flat to sales. European a XX sales the comparable basis. Mexico X% segment for acquisition to million International be sales approximately on year roughly increased GOBA
adjusted both mixed. the income and within products on performance Barrilito with Results in with our and basis branded Operating business acquired versus reported the strong back-to-school and rebounded savings. with rose Mexico year acquisition the recently last cost segment from we both legacy international the significantly were GOBA.
focused smallest is as market with a of be lower and difficult to out see customers continues We the slowing consolidation Brazil, continue customer economy, on placements loss were as it to seasonally good results but price points. quarter. Australia their lower results
it the continuing forward, as its as strong quarter. anticipate back-to-school season as Going Mexico in enters we performance well in fourth Brazil in
GOBA acquisition challenges in growth first therefore half growth the impact The rate including year. we in lower. was GOBA the Overall, and anticipate the will the low all the also continuing second for in We segment of in full be anticipate international Australia. half double-digit
move our quarter as sheet third back-to-school protected and without we self-correct cash high and fourth Let's it will discussed as the but up quarters of last did the as shifted collect inventory last our year. to now levels seasonality our the very We in receivables were margins, pleased This building our we balance flow. flow. cash that inventory we
not changed than in paid of quarter in $XX paid have large a cash cash We as shares million million as Year-to-date X.X in we the used anticipate a $XX.X $X total full-year repurchase X.X flow flow for free half We dividends. cash of the we $XX significantly million on stronger $XX expected. historical million flow million the was million for our view of second pattern. total the shares quarter; a our repurchased outflow cash million In and dividends. we and
that increasing is Given we XXXX. of flat exchange estimate our our performance outlook We adverse X% second the effect. year-to-date includes now are our a will at and for range end the half, forecast and top be this foreign sales for which original our
the We be raising are share now third negative of $X.XX and continue to strong We in to foreign to bottom be of will the impact including our that quarter. XXX back-to-school anticipate exchange. range expect per XXX EPS EPS
in fourth not However, as the we in significant channels quarter. growing are North the American are
and be year's anticipate accruing will quarter Therefore, we $X free for very We will our remains leverage given addition The in comparison. to fourth cash this outlook released for incentive will our year-end million. be last down In a performance $XXX last net at we year. reserves compensation. incentive quarter, million fourth year, of difficult million flow be from almost unchanged $XXX
Page on As have slide included always we in certain deck XX. our assumptions
let's move Q&A Now Boris where to questions. happy and your to I will on be take Operator?
