Thank to to results. you, quarter today pleasure join my you discuss first our Andy. It is
out a culture. stood As youth of Foot of and source empowerment inspiration of a Locker to always brand, this consumer me as
time of a for Locker that my Now my company, as my very ever, ongoing that that portfolio amplifying proposition has this value with is amplify strategic our Everything No decisions, position, and environment key our that of I the observations vendor organization, special has opportunistic estate consumers our such as is strategic creation. we of success one is around our to as and of shareholders. that But In the all objectives secret as me the continue financial magnitude strategy, a the on focused no in been touch it's plans. clear our us have accelerated real us, value more the The discovery and we than our is initiatives reaffirmed all member Dick we It's ever to do. will process that rapidly our stand passion doubt, before is to that belief there are as as the is remain from as growth the emerge retail pandemic positioned our initiatives changing. It's consumer which executing family, only rationalization mentioned see that the evident journey, value of as earlier. our experience center pandemic, transformative and allow the challenges digital our is change. from and well Foot Supporting that this key points. returning across and our partners intensified. strong evolved unique customer engagement to to team will the and pursue short
say once evolve sharing look team, be I to Let we to more broader and the our Dick the again, am and to for consumers. experience working as with here forward I retail glad me omnichannel continue
XXXX like into will Before comparing note first in to get I where the results we of also comparisons to last I'd the quarter that addition year, it's to numbers, reference helpful. our to
talk the bottom exceptionally in our delivered first have strong and operations. impact quarter. continue in let's to when We line about our top Now considering the the QX, results on performance pandemic especially
pressures spite fresh for levels of inventory promotional with Our Europe this U.S. combination and and chain activity of in store demand the lean led comp Canada The composition sales lower and EMEA. closures in XX.X% increased in robust quarter. significantly of and to supply assortment our
as a versus share earnings compared first our swing XXXX. XX% to leverage recovery This QX on in quarter with expense versus had a per loss drove increase X.X% XXXX. meaningful As we nearly last as last margin of primarily by increased year's was well of QX increased and a results. driven a coupled SG&A result, XXXX. and QX gross at XX%. expansion of closer strong sales over of XX% over QX of which over XXXX. look basis, strength Total On stores, currency The XX% Taking our sales a our year over XXXX increased QX constant
you of year. the fleet XX% days quarter open potential was me operating that XX% last versus Let remind our in
operating and banners roughly and and to restrictions, EMEA continued our due were of While XX% Asia potential Canada essentially Pacific XX% COVID respectively. fully face pressure U.S. to opened, opened days,
Our doubled. as our as and DTC embraced in decline the our by than accessories apparel the omnichannel general, apparel offering. this sales Despite nearly with remained was carry promotional, truly well, healthy XX% The last in to year. was were direct-to-consumer up versus being compared down for mix total less had last primarily In low-single digits mix. level driven much selling higher We year prices XX% quarter, of while quarter customers channel ASP year. lower quite of and units sales XX% a product footwear. ASPs accessories in average
The the team strong Foot In performance as return unlike other North increased an where digits. regions. gain, triple sports gain banners, digits did of that while against posted improvement rest participation XX% led Clicking to store year. addition, closures impressive we footwear. in comp Locker The from which sparks comp by goods Foot nearly to a contended Asia products. discussed. Canada comps our increased trends. the lapped Eastbay last heavily Foot and middle Locker XX% with comps quarter, in our store follow was last up triple-digit board, America not as recent mid-XX% the closures a down we the Champs, Pacific performance, range. group digital gradual Eastbay and Locker it hard sales which delivered penetrated U.S. over across growth banners previously saw Recall, was up for with low of year's was single
Europe Turning the a in strong store very to Locker the for Encouragingly, Europe. businesses XX% Despite Sidestep, extensive decreased teens. direct the experienced COVID still closures, which comp remained high restrictions, Foot both banners. posted high increase. most
compared improved was down QX XX.X% When XX.X% year. gross XXXX, Gross points. a margin XXX normal margin the Moving basis to statement. compared more income to last
over penetration digital margin the more rate last that meaningful and in merchandise year Our reduction with increased higher over points as comes XXXX, points of XX sales. basis XXX improved basis offset freight the than markdowns expense
to through we we to expect in the ahead, but Looking what experienced extent promotional remain the of environment than a most favorable QX. lesser year,
and year's As quarter, high last Inclusive leveraged compensation $X normal million points of basis abatements buyers in a rate. percent costs returned of of to levels COVID-related the versus XXXX. more sales, QX our abnormally approximately rent over occupancy XX of occupancy our
Our us compared points rate quarter, with came provided of XX.X% XXX results at the of to in sales in SG&A basis strong and our sales over as basis leverage points leverage XXXX. of year last XX expense
received XX million In which PPE partially careful of control, expense. expense bonus we incremental nearly government of million addition to approximately basis in $X expense points $XX offset subsidies, higher and
Net For of to increased the year due balance. was depreciation interest $X million expense expense our slightly last interest lower at income year quarter, to on up million. last to $XX levels compared cash
our As moving previously we markets, amended facility, will in result in credit the fees credit lower considerable given disclosed, forward. improvement which we
rate versus as year. $XXX XX.X% year. $X.X billion of position tax at quarter last came cash, ended Our QX the last the strong a QX We of over of of an in end million in increase with XX.X% liquidity in
of flow Our inventory preservation down borrowings through last higher on upon outstanding cash, the QX, receipt $XXX credit the cash end At year. was to have our no significant and currently last a was compared we facility. XX% rate building our inventory We slower turn year. source efforts accumulated of million
mind to keep QX XX%, that inventory elevated XXXX, the the closures in from resulting due store pandemic. end our of However, was at which was up the
$XX approximately business the the funded into relocating building inventory We of XX QX. or stores. new quarter. during as up remodeling XX levels as the opening our stores This in invested well begin expect of our million to back We
leaving of stores quarter, the U.S., primarily closed QX. also the XX We end in X,XXX stores with in at the us company-owned
or and to remodel we in These Footaction amounts stores XXXX. to full-year, or close For expect relocate XXX. XXX reposition reflect the close approximately plan open we XXX the stores, now
in Looking our capital approximately million ahead, in guidance. this $XXX toward tracking year, expenditures we line prior are with
shareholder of in repurchased out $XX approximately shares we terms $XX XXX,XXX quarter million. for million paid In and returns, dividends this
the at Given are we uncertainty this its across on impact of global time. pandemic not visibility detailed providing portfolio, ongoing our continued the and our guidance
maybe following the full-year for considerations the helpful. However, directional QX and
in year our anticipate year, SG&A our current looking comps costs. second mind second management receipts lap government in year QX to keep million line into for up and mind, $XX volume inventory, to face we and in With margins compared on elements as subsidies SG&A, of million bear to XXXX, we of last of XX% year. the and strong last to that at $X as last we operating quarter, keep we year, sales, lowest less efforts. gross headwind year. be to pressure in respect result, some compared rent level to year. we our and have obtained promotional merchandise were see the to total in in margin that our some reduced historically modest QX to QX expansion. With XXXX the abatements high For demand, the our margin, store mind benefited provide relatively to elevated leverage QX that nearly and to helped QX Please given a a including QX expect promotional the government unique we was of freshness last as to shifted sales This is We QX expect Due be quarter expense the beyond stimulus. respect quarter in gross activity Compared sales due pent-up what sales last with inventory expect last delays in year.
with from XXXX current double-digit to for Total fiscal the strong fiscal XXXX, margin assuming a in rate be roughly modest a full-year margin when fiscal to start Given expect to environment, reflecting high-level our we improvement. rates expectations our XXXX. continued at expansion recovery see follows. line to more promotional rational and to the XXXX, XXXX, to gross over sales gross meaningful fiscal low-teens as SG&A fiscal over pandemic, are a increase compared low largely
fiscal please full-year, somewhat tax non-GAAP we questions. operator, the open than to up fiscal at higher for that, expect XXXX, but Looking our than the rate, lower it With be for XXXX. call
