Good morning.
February net million a XXXX Our to a the quarter or which or $XX for XXXX. a net ended year XXXX XXXX. per prior fiscal release March for share diluted net or was ended a ended reported for compared was million the share the basis XX-week February ended million Xnd fourth on quarter which $X.XX Xst February income basis February income which on year compares prior XXXX diluted of or XX-week diluted on XXth per for $XXX.X XX-week basis $XX.X $XX.X income diluted of on $X.XX basis year, a the income XX-week fourth share per Year-to-date, to Xst per million net share period Xmd press $X.XX that $X.XX
increased sales for $XXX million to of fourth to quarter XX-week Net the XX-week compared for fourth the million X.X% year sales quarter prior $XXX.X net
million. Comparable of sales in compared XX-week February prior online X.X% Year-to-date increased X.X% million period million for XXXX the XXXX. to net Xnd fiscal prior quarter the $XXX.X the store for ended in for $XX.X to sales increased year, February Xst and $XXX.X comparison period ended to year same the the net to sales year X.X% sales increased XX-week XX-week fiscal
year, the year for sales sales same $XXX.X the period the online X.X% to Comparable for the X.X% to were and up million. year prior store in in increased XX-week comparison
and approximately decreased average X% value quarter, and average unit retail the decreased average the decreased the X.X%. X.X%. approximately increased UPTs the transaction X%, approximately approximately increased UPTs X.X%, the Year-to-date, decreased about retail value transaction a average approximately X.X% For unit
of quarter. The distribution buying point XXX up increase in basis costs. offset the the Gross in result occupancy margin, basis prior point XX.X%, from points increase basis and margin was fourth XXX in merchandize XX for the year by XX.X% was partially quarter a year-over-year
margin gross approximately was XX merchandize points basis last a period, up margins improvement basis and result point year-to-date along occupancy of the the a period improvement was The XX for XX.X%, For XX year. basis increase buying the from same distribution costs. in in XX.X% with point
total expenses expense Selling to fulfillments quarter and fourth XX.X% by of as percentage certain quarter increases primarily offset attributable improvement improvement XXXX. in net selling the sales compared a The the basis for XX.X% point in quarter fourth fiscal is a to store in compensation were other expenses. online XX of
The store sales compensation point online XXXX. full selling in by to expense year compared net due XX.X% were other Year-to-date, XX selling fulfillments was increases certain expenses. offset and XX.X% improvement fiscal a basis expenses of in improvement in
fourth General G&A quarter of XXXX. X.X% quarter were net for sales, for compared X.X% and the sales fiscal for compared the to administrative were of year-to-date period, fiscal expenses quarter of for the sales XXXX. net fourth of X.X% expenses the to X.X% of And
compared was for fourth the the XX.X% in period margin margin of Our same for quarter year, quarter and was year. compared for the operating XXXX our XX.X% to XX.X% fiscal XX.X% operating the to full last
was the income million, $X.X million million to $X.X year. which million for for was compares $X.X And in income the quarter the $X.X for Other year-to-date last compared other XXXX. fourth quarter period to
bringing to $XX income for as last compared fourth for XX.X% to for compared XXXX. the XXXX tax net for quarter the Income $XX.X million XX.X% net million percentage quarter, income fiscal fiscal of expense fourth year, quarter pretax was to
compared million net fiscal tax for pre-tax to income million income was income full XXXX. XX.X% of XXXX Year-to-date compared to fiscal bringing XX.X% in for net year $XX.X $XXX.X expense XXXX to
the and a of inventory inventory end which down the after of compares payment approximately $XXX.X in fiscal to the included which during XXXX dividends year end and was $XXX.X of million total release cash $XXX.X of February investments was which as XXXX. million million, balance included and of X% of at press of sheet following: at XXXX million from million, the $XXX.X X, also $XXX.X Our
approximately inventory net was markdown depreciation. in total X.X% was to inventory lower on At last quarter million store accumulated compared with quarter the We end, of ended a and comparable year. fixed basis down $XXX.X assets
expenditures million capital quarter million. and the $X.X for expense was were $X.X depreciation Our
For the were spending the expense and for period, and broken as upgrades, remodeling office capital and $X.X is $X.X million center. home $XX.X depreciation store year-to-date down buildout, and million expenditures capital million at technology $X.X Year-to-date million. follows: capital spending for distribution was
bringing one remodeling two counts During the we full remodels use Falls, new year-to-date two Twin to store Idaho, stores, our two and five opened quarter, and new store in Buckle projects stores, closures.. closed full completed four
remodels completing have back-to-school spring, two remodel and one season store before fiscal Buckle planned four Youth anticipate one for by for we summer, one and we full For one new stores one completed new and XXXX anticipate holiday. before
additional in with of stores on million So we have to far to the time. includes IT current in $X store $XX expect projects our we XXXX both Based closings closed this at also million, planned range for planned which XXXX, be capital plans, two investments. no expenditures and
with XXX states year stores end the XXX at in stores to in the states ended compared XX of XX retail XXXX. Buckle fiscal
Kelli I And now to turn will Molczyk, of Women's Vice Merchandizing. it over
