today's welcome Tony, call. to everyone us Thanks, and joining on
inflation. the by fourth impacted by jump segments each quarter prior were wholesale billion quarter year The into $X.X was billion. results. increased growth sales the XXXXs $X.X the detailed driven for than to which of sales Net XX% more and Let's both fourth versus of versus favorably retail
the quarter sales in fourth was the in net sales, of driven inflation higher year's points. or million prior dollar expense the $X.X increase basis The net $XXX price profit the gross fourth the LIFO for by increase profit of million higher related was cycling compared quarter. XX an XX.X% prior while rate gains XX.X% and or by or in was up to million $XXX Gross year driven sales decline
off policy one-time an a in gain As of from year. $XX.X in based policy. off a corresponding year percent resulted change impact expenses The sales, from due time accrual in the cycling a prior operating Primarily prior transition the paid our basis reduction XX prior policy points the accrual reported to time and grant-based balance of the increased in sheet million a transition to our year.
investments supply the to higher as in the merchandising our supply chain increases corporate contributing in by in initiatives. were insurance The costs as current which offset of lower transformation in Also the in driven rate increase a initiatives, partially by reduction expenses well expenses as sales year, chain administrative expenses included upfront a costs. transformation were the healthcare
we of year's fourth delivered increase the quarter, XX% quarter EPS. compared nearly $XX which steep net representing reported on adjusted interest fourth million compared year's $X.XX to increase $X.X of decrease $X.X increase in a reported XX% were both quarter. reflected representing the drag earnings prior Overall, Net for $XX.X. to million adjusted rates, in a million represented in earnings $XX.X a a EBITDA a net million earnings Our prior expense, fourth quarter. million in and the in
by due Turning quarter. increase to our to wholesale XX.X% which In sales the net primarily This compared year's segments. an to year. quarter, with net to the million and the increased XX.X% when increase $X.XX sales fourth compared fourth $XXX to impact billion, pricing, prior prior inflationary on of the increased
Although down continued over prior demand. X% modestly up due to year. for strong by sales our were military in to volumes X.X% the compared were segment channel We
gross totaled operating in Wholesale in XXXXs The earnings quarter in partially in by by administrative fourth rate transition earnings increase $X.X year. reduced due PTO expense to profit operating a million chain expenses Reported supply quarter of change earnings were earnings driven reported was primarily The $XX.X compared fourth million to to related the cycling in $X policy fourth expenses. $XX.X prior corporate operating operating in decrease earnings a The segment increases $X.X versus $XX.X operating of quarter A increasing the prior the impact and adjusted offset lower million were costs. million. year's LIFO quarter. the adjusted million million
for XX.X%. $XXX came quarter to million the million in in fourth quarter the of at sales compared increase Retail $XXX XXXX, an of
comparable Our X.X% fourth sales increasing for to quarter. store momentum the remained strong,
partially XX.X% Our sales offset by in by increased comparable decline inflation, X.X% a unit to due volumes. store a
in profit compared fourth retail earnings quarter. segment operating in compared quarter to were impact million to transition the operating were decrease related year change $XX.X the The rate million $X.X $XX.X corporate in prior due was lower retail costs. Our prior $X.X quarter. the earnings fourth adjusted our administrative the XXXXs Reported million million and fourth cycling and PTO to million $XX.X gross increased policy in to year's
Our reported million the decrease adjusted our million XXXX over was to fiscal million, million, prior the earnings fiscal compared year. $XX.X to $XX.X of the net in full-year were Overall, compared $XXX XX% EBITDA year. for a prior $XXX in
to Turning the balance sheet.
that liabilities of includes as fiscal totaling increase remained year compared funding finance well million, XXXX due to end. higher increasing The the was lease as Our leverage the acquisitions Xx prior to $XX primarily for strong, capital. working debt slightly This X.Xx to to long-term ratio changes and year. million during $XX.X
in of million $XXX from capital common activities, in we $XXX changes the share. cash primarily The working fiscal In in compared generated million $XX.X $X.XX to XXXX, million decrease we operating full-year equal the mentioned. per due prior was to For to year. paid dividends cash just
fiscal shareholders a total million more for We company's of of a In we've than the year. to also $XX.X the bought $XX total during than back returned more shares stock million million.
of date liquidity, our to an changes our strong included amendment November amendment XXXX. December from XX, maturity XX, XXXX ensure The to loans November, into agreement. To we an entered ongoing the credit of extension principle this the past of
the also have rates We base. for certain reset borrowing advanced
both strong expect year environment. sales billion. As into XXXX to long-term from we covered fiscal strategy and of increase range this of current today's $X.X which net we're $XX.X continue from providing our for the elements and XXXX to grocery chain to in XXXX, press within past fiscal incorporates the XXXX supply with expected guidance Overall, initial results for the expectations our release, a
from portfolio. We'd see to sales sales inclusive net expected grow range between sales the customer of Great will our believe corporate growth areas resulting increase, X%. also In wholesale, of X% trends our projecting within we Lakes sales We're our retail we other similar to an expect in to X% be to growth base Foods. and comparable segment. will and retail of X% that of expect In independent to continue
the in anticipated includes increase an profitability Our our guidance over prior year.
significantly compared million $XXX to be XXXX expected adjusted to expect expense environment We And We in of to EBITDA our to Interest $XXX in million fiscal XXXX. rate million currently our of XXXXs $XXX from continue range interest are is fully to for adjusted anticipate results. higher $XX to the increase fiscal range million EBITDA the expense year. this to $XX million. into expectations incorporated
planned range initiatives. $XXX guidance expenditures year, capital which in investments growth the total operations for fiscal well Our reflects both the fiscal core million million our $XXX our to in XXXX of as as includes
We the color to cadence year. some our on adjusted throughout you EBITDA when also at of our expectations looking wanted give the
addition to support be QX from will in notable to we business a commitment lapping In year. continued growth, few to our last our of impacts investing future
nearly known we quarter as price cycle also million. benefits, first $XX will the of of During significant XXXX forward buy inflation-related change
addition, also of year. wage cycling first In at were quarter million $X end implemented we the that last retail investments in will be
We transformation of will of our all XXXX. quarter not but headwinds that initiatives offset merchandising and expect these supply in chain the first some,
realizing our range from EBITDA our targets. confidence QX. We solidly anticipate supply will begin our and this continued long-term reach from we cost late along benefits transformation benefits chain that transformation remain give path year we These savings on the will in with achieving our merchandising to us adjusted
XXXX and Our market, Winning positioning life. our to effectively are remain other foundation uncertainties and sustainable and We initiatives value. focused to a chain Looking beyond this shareholder the through were we've continue transformation, mission results our strong the to in look better a key Recipe. forward in for grow manage building through drive merchandising volatility. to on broader The execute further ahead, Despite taken momentum actions transformation, supply on us our and built ingredients we on to deliver
like And back turn now I'd to call the over to Tony.
