Good Jeff President. you Nackman, and are Chairman us. Aaron, joining our Sammy Executive thank our Officer; for With Vice today Wayne Financial and Operating Chief me Officer; our our Miller, Chief Neal Goldfarb, Vice President; and morning
proud Our all closed net year. with am pleased continued reflecting that and sales income, past year record we’ve this and to fourth of quarter the results, I we’re back, breaking full accomplished have fiscal year strong net
important existing growth brands, DKNY portfolio Karan good also our and brands to-date. of most captured in acquisition largest a successfully integration job across and our have the We really of did executing and Donna
diluted results. $XXX our net in compared fourth quarter to net share $XXX at last million of sales net year. $X.XX a year loss a by take let’s fourth last our quarter per year. per to was look quarter income fourth and non-GAAP $X.XX million the share Fourth from quarter XX% increased Now We full
to billion $X.X year. XX% diluted prior $X.XX a in grew the from fiscal income from the net year, XX% to the sales year. we full in Non-GAAP increased $X.X $X.XX For per by net billion share prior
EBITDA million. great Calvin for $XX increase strongest $X made in execution adjusted with We in our all doubled the prior than ahead million fiscal years with Klein Tommy it our growth to an a of continued and sales United million, annual an Our marketing net have $XXX more $XXX annual of been we the year. for Calvin business advertising believe performed brand year opportunity We from XXXX The has the in billion has PVH of and categories Klein. excess Hilfiger well. sales products of the concluded the from still increased many net and combination to States. in We
sales We our of Our of for Lagerfeld fiscal brand. iconic another products, year is for growth. doubled another outlook Karl designer Paris XXXX
We have created flair. line an specific fashion accessible with provision a
As responded quite result, consumers the a well.
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the expect continue Lagerfeld next to for an several become We pillar the brand over methodically building Karl important to G-III we are years. and it
Now year that are American the our can in we we North other opportunity. capturing second in market, full major brands increasingly grow confident
in to DKNY successfully brands the launch Donna Macy’s and operations We DKNY pleased the of States. an and this integrated successfully have very the are key and partnership unquestionably on year. for United with We to Karan platform achieved our categories
momentum this our which handbag spring. collections to addition ready-to-wear well shoe sportswear, accessories, did DKNY’s In our gained launch and out-of-box and of
DKNY launched in the recently just early DKNY promising. read also Macy’s dresses have and XXX over products available are is doors. We now
categories. doors several brand important in prominent top and a be to excited are We their
re-launched the global pleased its stores DKNY for a a global and development. opportunity. in Liverpool quarter, and brand with are Karan department ready-to-wear DKNY Mexico. Canadian re-launched also the brand with Donna Hudson we Bay we and and fine with have We shoes is with This handbags market into past
DKNY confident will to and be Karan to continue largest and profitable both place Donna We most grow businesses. among take our their
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Let me business. about take our a moment outerwear to talk
passing outwear all This other less brands become performing seasonal we more in year’s well. brands for to big The also us. wholesale winter well year. While outerwear big this is past have is diversified year, did category season and with with a still conducive many our mix each a
includes in mid-single-digits continue will Vilebrequin, performance in partnership our comps full team US. double-digits US retailer. great Eliza sports with our status the much-improved online its of brand the sports Our had brand best-selling J, a Nordstrom's with to year year and grow which and a swimwear dress outside low up the top business Fanatics,
well We continue e-commerce business. in the to vibrant push more world distribution the as as stores a expanded for wholesale best with company-owned specialty
focused particularly partner are in markets. and have developing a key on in We distribution best business the the signed for of some China
store Sanya to recently four to five open opened and in prestigious the stores additional City China. in strategic a Atlantic year across resort expect in Hotel We cities this the have town in of
good achieve Wilsons we made for focused of and our in will Wilsons. were January of quarter reduction As year store one-third XXXX. by fourth close of base this retail nearly outerwear Bass. a own XX, and our Margins remain January and by and fiscal compared In stores, Wilsons store were and base much the well reduced a the progress improved on XXXX half plan. losses XX, Bass We that to roughly confident ending we at sold our
store for grow improving Karl of see our our to plan The additional The the as and strain note to in to and online continue store to Overall, also operational beyond, this significant eight to on at us conversions. also beyond better comp reducing year ahead our to depth We business doors I losses year an that available looking through see would this both and shift unprecedented. our DKNY. consumers reduction converted productivity, shopping be continue to Lagerfeld to choice trends stores doors brands. five We we and mortar. to past further upcoming continues plan efficiencies stores. store and our for choice partner XXXX breadth license of we continue a is the well brick opportunity to department and as to
e-commerce. which evolve we making has are apparel make decisions they consumer products that the informed and they uniquely and Now to too their to accessory situated with retailer pricing, point, on purchase. access and instantaneous which and to information on from continue channel To are we regards
through well-developed a our of This partners. our the sites percentage overall of Our business. continues be retailer to products online sell extremely larger well wholesale
with continue will our We build partnership to play including Amazon. retailers online pure
like allocation our which Lagerfeld, brands. preserves our growth. to the environment Tommy is have approach Wilsons Andrew well-diversified as a of particularly include result brands built Donna the global plan enables same Hilfiger a never unique thoughtful Karl our have to We Karan, our changing our other continue At and incorporated a own brands our customers and of Klein, we DKNY, Karl Successfully and will business Lagerfeld time, e-commerce enhance important aesthetic focused further thoughtful and been Calvin is Brands that and portfolio that and DKNY, as Vilebrequin, develop business. platforms for retail well-known continue well we each more a to Marc. to the Bass, consumers. navigating in deliver our and clear brands, We power fashion our
brands positioning advantage. are lifestyle and Our distinct fashion a competitive key
to patterns our are discuss consumer business buying before, a with market environment challenging said affecting to this is retail the overall and I the As a like customer. landscape. moment long-standing I’d take the current
our $XXX many net that outcome is that our business diluted the sales. reduction is of is serves. stores $X.XX a demand filed bankruptcy, that negative there excluding markets consumer per of to that on the believe year’s The million overall share whatever the in year, of this forecast reduction be approximately will Bon-Ton probably the Bon-Ton aware, As products earnings share. has be Bon-Ton. are We to beyond you therefore prudent We impact this for we believe in results it department believe expected in associated a
of in the pass call ahead describe us. to remainder Chief reserve will year the of the our business Nackman, I’ll wholesale Neal healthy detail good as point, few moment, to a I’ll see you, continue and our now this Thank we in a and Beyond comments Neal is Officer. closing with Financial
