all joining to of us you today. for Thanks
thanking change, by our enduring customers in our and competitive face agility Signet challenges delivering on team begin be our to commitments, their me Let the unrelenting of our continues for to their and dedication entire advantage. most
'XX, such the team. as the grateful to a and honored I'm for row retailer and our as a a consecutive company in years we've Gender strong diverse great specialty been been Bloomberg fiscal company Through recognized Index. included certified the has three place lead to Equality for work only year, in fifth
today. convey want There's one message I clear to
and our in it are 'XX. Our three reasons Signet fiscal 'XX confidence. are to poised do delivered again team fiscal in There for year
sustainably. commerce to positioned and and of market competitive presence industry uniquely ability connected leading our differentiated is advantages because invest consistently to and our broadband portfolio, in Signet share First, grow
generation and to margin operating on Second, our annual our double-digit our we cash EBIT an model in ability shareholders. balance the invest creates. consistently sheet also our us And while in deliver third, flexibility strong non-GAAP to based healthy are enables cash confident meaningful business, returning it transformed to and
Added At mid-single down to that, particular expected lower in volatility with we with jewelry pressure to turmoil to the a price inflationary year, the major before comps. economic by was winter period UK low time the and the in the and occurring watch in war digits be points, at created storm market peak shocks, year-over-year this last difficult selling Christmas. coupled US the Ukraine,
to our result, lowest a the of declined the range. end category As
were These serious headwinds.
revenue close almost highest under roughly three the operate year, warning. a advisory winter of our three During quarters storm trade days or stores of third areas to and hours consumers caused reduced travel of our at the were in of one Elliot
than more For way is day days perspective, jewelry. valuable shopping are unique these January, in a times in an average that eight for to example,
time. last consumer disrupting in their segment A seeker days the at gifts a their critical long before the other significant typically inspiration at our consumer as delayed for and critical their spends holiday Many with late buys shoppers year for is other purchases more than person the possible these normal in Christmas. of this storm as category behavior segments who
conditions testament returns liquidity. our flexibility created to model of agility the innovation, financial our as is deliver our But team in and a us challenges, commitments pivoted This all the to created in require. to to to quickly shareholders. the and adjust culture culture We've and enabling our both face strong our capabilities of market the these we've provide operating and
and revenue and points up share to an $X.X our gained 'XX outpaced margin X.X%. delivered we annual estimate of For market EBIT fiscal of XX.X% comp. category sales fiscal despite We we X.X% a negative driving again growth share billion basis XX slightly of versus 'XX,
through in less shareholders well invest than on EBITDA and capital and to third, line X.XX cash to organic times are optimize our structure share ratio executed company. dividend also return which dividends first, priorities, growth our We M&A; through repurchases investments to maintain leverage commitment capital and second, be and a with growth a our in
We these than to $X in fiscal achieve allocated more billion 'XX capital of priorities.
in our $XXX of repurchases, share included the stated Blue million leverage acquisition Specifically, Nile of times to this of $XXX and dividends, cash a million two all common goal. ratio million is while well million shareholders for below of the $XXX form $XX maintaining CapEx, that
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and to fashion bridal. continues, our continue decline to at assortment strength strength higher We helping see partially expected offset in the price points overall the of
our strongest Importantly, Signet in we saw recovery one some post-holiday Januarys we had and history. of
forecast macroeconomic believe to combination dynamics. mid-single of down ahead jewelry be we industry look year. industry bridal jewelry the continue we industry-specific to pressured 'XX, to and by the We digits As be a this will fiscal
model we top industry believe to to and are down the expect economic single to Given also operating to market annual low to our this, deliver returns approach investing results continue allocation, we digits that Despite are flat well-positioned gaining share. believe competitive advantages and and our continue we and line headwinds, strong deliver capital maintain anticipated margins, to to our we operating expect widen double-digit shareholders. to deliver strengthened will
fiscal decline high. by Signet on which anticipated strong weddings bridal was composed After the impacted bridal COVID jewelry bridal, The of parts, briefly wedding comment to during is this, been growth 'XX has and want industry's engagements. delivered year in two Having segment a the bands I temporarily jewelry. distinct of XX-year wedding, and COVID. a
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it's Supply driven. and temporary these shifts, COVID
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through Third, programs, we're customer services, warranty the offerings relationships and repair lifetime service services, piercing growing our loyalty of new strengthening value our program. our by
Let's take efforts. these closer of a each look at
continuing we're First, differentiate banners. to our
and conscious that able digitally no our customers in native Given luxury company industry customers to can. our other value way a accessible breadth, we're in customers, serve scaled
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examples especially about. excited few that I'm Here are a
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for driving to machine approach margin react and addition, are AI and pricing, and a a capabilities best-in-class us price already increased learning significant promotion. In unlocking because model benefits. We're test both sequential costing data-driven inventory efficiency investing from these in in analytical and are moving they
return referenced want ramping over I data years, Since investments others past by years our virtually the up made all many investments the analytics. I've two the transformational ago doubled we've investments. point of underscore capabilities in to more digital are digital our One our and fueled forming we've on that and that than and is the technology four here organization
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than more members development Usage In overall prior increased compared fiscal of team in year hours last to XX% more in fiscal development XX,XXX completed year training and the with and versus more offerings 'XX XX% training in of XXX,XXX a training instructor-led course our the year 'XX. and increase completions total, before. than XX%
motivated company. are continuing to the are offerings and learn Our add to to at leadership team and highly levels members excel, we more develop across all
strategic and this in authentic have dedicated cost point are a creating a investing in that created capabilities, transformation able achieved discipline revenue our more we're continue ongoing is ongoing advantages and By purpose. competitive and in 'XX. mode to sense wider galvanized we of million is we by growth, fueling after through cost to and year deliver of will The $XXX choices at generation year, our that growth an key savings cultural than that Signet environment fiscal
over hand note, that to it On I'll Joan.
