XXXX to is and sales included. Consumers beds. The you the engaged Results our has to share are understand XX. SleepIQ My innovation XXX% brand to execution relevance as our earnings Thank growing net average million including strategy call. their broadened sleep Dave. $XX well-being. increasing quarter smart individuals the earnings you, increasingly purpose-driven consumer $XXX XXX our fourth overall XX% of for XX% per growth; our Net to highly million; with joining strongly revolutionary importance for to responding our profit and Thank $X.XX. comps score quality of increasing operating
increased positive year, XXXX. sales sales for over earnings $X.X Net billion to $XX the absorbing year. $X.XX For with X% approximately profit and fifth $XX consecutive transition full of to increased net comp million million, including $X.XX per the operating while for impacts increased share compared XX% to
and smart $X.XX half sales between to in performance momentum record generate diluted in and continues XXX of Our the In by grew acceleration net full and of we per grew business sales our our EPS per XXXX, second and our share adjusted The from beds. adjusted earnings XX%. XXXX. XX% reflects the share year earnings expect by $X.XX
and consistency, the sleep strategic proprietary relationships six to over innovations, drive which focused exclusive work investments customer our Our years and results. together advantages, past have competitive fortitude on lifelong distribution, strengthening
in competitive changed We of be excited in broader position are a the consumer much and landscape. relevance to
are which and creating driving to capital three beyond. We EPS committed deliver efficiently. demand, remain these through drivers XXXX all in performance and initiatives of EPS drivers leverage Our three deploying using
industry. smart heart with at highlights, strategy sleep beds remain demand. XXX differentiated one, of our highly innovations Number new disrupted starting our have the are proprietary the and commoditized Here our the
quarter. our is selling average consumers is driving X% and process Our increased growth the quality complemented value per X% unit by smart of sleep which quarter. the fourth starting resonating ARU at driving our bed with unit proven in revenue $X.XX which for The increased fourth
metrics increases initiatives in in of both growth drive our expect XXXX. We these to again
bed growth. future key smart Our is of our XXX a enabler
connected artificial smart, improve night detect the to with comfort setting innovation In every biometric billion customers uses to we is X.X points sleep wellness. future platform will sleep fast-changing data over data leader, the disturbances, the movements pace relevant proven use their adopting, The remain SleepIQ her and the of to health biometric intelligence to a consumer, experiences captures to automatically changes. data which sleep. life. technology the smart quality are for our bed As high-quality to Today likely manage bed is this used enable their and who adjust
the metrics life-changing as initiatives XXX smart competitive in awareness. beds, and quality we doctor Some our disease traffic amplifying two, examples onset conditions the biometric we launch data Number increase of front for fierce are marketing environment will of or through of an medical sharing share. diagnosis us, home full innovations. pipeline and early exciting risk benefits monitoring by With of to taking procedures. diabetes, recovery following integrated ad and media brand and investments driven our Since R&D. heart drive record in of health at we to our spending breaking traffic such consumer's include; detecting breakthrough In the increases, brand support double-digit an innovation and attention, purpose-driven with have our
emotionally this sleep amplifying continue integrated, storytelling NFL partnership. analytical between not this and our initiatives the driven as bed brand is leveraging buying momentum now are engaging X,XXX XXXX NFL of performance. With three. to our smart on over a expect beds, tools XXX we in players campaign, through and effective by including and quality length Number consumers We sleeping our groundbreaking our we digital internal media advance buying,
converts exclusive professionals, Our traffic driven rates. fleet with at high distribution mission
include on that in simplification the portfolio market Key simplification strategy. stores. real smart growth conversion, and comp continued high research XXXX, of of XXX deliver our growth expect of the our our we to initiatives sales purchase back from half and stores disciplined area and of stores, In we both strong initiatives drove estate beds, online this the in outpace retail our sales new record we development, levels website With conversion XXXX. experience as the execute and in our
market sustainable manner. as delivers location, profits customer approach a and in a experience, Our relevant sales, share we optimize
expect with year end to Number four. XXX this XXX stores. We to
we Our higher waking digital is not of in only of of but activation brand hours. result at have with now With words brand In advantage ago brand and sustainable of generated XX% competitive with are with XXX our and the bought week core profitable this a passionate purchases. already technology sales our through are our customers benefiting our growth. change customer sleep, our customer And our and lifelong loyalty digital the interactions smart a engagement life-changing from complete and advocacy. interact program beds, individualized noticed the our smart from everyday the of as our relationships drive bed key amplifying in value. SleepIQ we These repeat referral quality a one customers, the over brand
also on stiff, beds one sore our and of high grumpy. review XXX J.D. energetic advocacy Satisfaction and and rested more both star level and is number also ranking reflected smart This Mattress X.X are rating less less annual Powers in We in our Report.
We six categories also comfort warranty. top and number support, value one ranked including in the features, durability,
Moving our to business leveraging model.
inventory platforms practices for and initiatives are visibility fulfillment executed across the realized technology efficiency associated network. with the lean processes. is gains improvement In we our Our broadly robust fourth through our quarter, important of Continuous order the progression and organization. methodologies
to XX% cost also the net discipline points Our quarter. and fourth to growth for of led sales strong basis expense of XXX quarter leverage operating
from freight we costs, there absence tariffs cost, and net power still to benefits pricing of while increasing improvements, growth operating headwinds are XXXX, the profit rate the and to For expect expansion. related sales support transition efficiency operating
our network of with assembly Baltimore we continue and supply the center recent our opening distribution chain Importantly, to evolution, in two delivery make progress distribution centers.
key over and with strategy. with of balance multi-year frequently EPS we scale We and reliability digitally-enabled optimize driver, model capital this business our shareholder sheet to cash our expect differentiated and long Along our improved our progressive the advance a returns And generation outcome flow, with finally, is board, network capital operating deployment. evolution. structure and assembly assess Strong efficient term. a third
deployment to return invested growth share XX% capital. capital on per strategy XXXX Our XX% contributed our and in earnings
priority continues be Our to high return high investing top in growth deployment drivers. confidence,
complete over our $XXX transformation. have We and capital acquisitions million in to invested
are demands per modest internal Our $XX more approximately at capital now year. million
to discipline is our continuous experience we addition relevance time. over projects, customer our This and products, primary consumer capabilities. evolution innovate capital ensure In continue our to a to go-to-market
favorable priority our in second position, revolving our is credit amended liquidity. have financial markets facility. we business Our financial With
our Our larger executive $XXX million of revolver strategy. ongoing provides liquidity support to the
priority share is to returned we to return third excess up repurchases, prior shareholders. year. Our through the In XXXX, shareholders cash million over to XX% $XXX
inception million of Our value Sleep of since in our XXXX. very and to they Number our reflects continued about bullish purpose-driven million momentum. double-digit guidance internal our share we are mission return of and approximately on $XXX shares. to our the our we dedication its $XXX In In XXXX, and purchase summary, expect is culture. repurchase strategy proud their to the team, generating I business place brand am strong rates
life consumers. delivering our is lives. performance. every delivering advantages consumer Our and competitive strategy changing on to customers execution have this from of people's day of it innovation strengthening and The this to and extremely is team level rewarding and is our our driving We accelerated sleep impact hear growth
In David I value expect potential to are the to provide getting per We will long who XXX well-being. more share. and turn of of guidance on we generate quarter, our established value to creation have XXXX with which top-tier company In over will the tremendous smart the beds, XXXX, just over shareholder $X.XX to range guidance. now many our term. add year long started ways, purpose-driven it our increasing earnings we details consumers'
