Thank you Mr. Kathwari.
reminder, actions, As include a of operating non-GAAP and presentation and underlying performance our results a on other our trends results and and present believe We non-GAAP corporate press detailed GAAP further we initiatives, reflects financial both are Non-GAAP impairments, restructuring release. basis. in business. better the the
by third just investments and sheet, balance gross million backlog, the and financial strong controls and shorter times lower cash, in operating $XXX.X including lead highlighted and were in Our disciplined results robust margins, quarter a decreasing completed cost expense inventory. and from
which strong results, As I to operations pre-pandemic now to revert we began produced conditions, financial our will discuss. back
$XXX.X net and positive sales were offset and of product by effects pricing volume. Our by totaled high the partially delivered consolidated unit helped backlog, lower million actions taking mix,
reflective comparison. were X.X%. last were pre-pandemic quarter of third our XXXX set net X.X% written to fiscal XXXX, more is pre-pandemic quarter orders compared down year record X.X% a Wholesale to and leading which of in historical Compared difficult sales fiscal a third to Sales with the segment the decreased up. and pace new of norms, XXXX. consolidated
prior comparable. orders year Our due a declined retail strong written to XX.X%
the number our reduce of when year orders were ago, the wholesale retail from We However, up with down XX.X% third backlog to of to the more XXXX, as quarter able by over current. weeks $XX.X bringing ended backlog were compared X.X%. XX%, a we million, it quarter of
COVID-XX consecutive marked before gross gross metric margin margin pandemic. XX%, than that higher of XX.X%, was not wholesale backlog eighth seen our a exceeded previously our the pre-pandemic consolidated However, XX% quarter Consolidated which remained our approximately the levels. onset
such retail compared in our sales consolidated change of and by sales freight basis expected the moderate to the input last consolidated due partially We QX. When this points, percentage costs to levels towards raw had down gross offset inbound year, sales normalized lower XX mix, a margin in as was to and to materials. materialized
Retail sales, from Adjusted business XX.X%, we more sales percentage XX.X% as including partially our delivered a last down offset from were maintain disciplined cost margin XX.X% margin and savings year ability XX% out consolidated net of consolidated of to delivery retail lower higher was year, due gross and a approach contract of by greater backlog, controls. wholesale backlog. sales, last down to a to reduction our expense operating cost,
as decreased environment. net a sales Adjusted compared XX.X% expenses and carefully diluted share, we as SG&A per Our last of managed equaled $X.XX $X.XX was declining last EPS net same X.X% year in sales, year. the to expenses
Our last the effective tax was for quarter rate up from XX.X%, XX.X% year.
to resources. turning Now liquidity capital our and
XXXX, in over cash XX, we We bringing year no the fiscal increase quarter, to higher activities March cash capital. in $XXX.X last $XX.X year-to-date XX.X% in and up had generated million working amount of income our operating from net improvement to As of million an outstanding due debt. total million ‘XX and $XX.X during investments with and
decreased norms also our on amounts we of appropriate Our customers. inventory year, the fiscal million $XX.X backlog service inventory start more levels as hand restore while as operating the levels are historical inventory since to ensuring of to decreases,
various $X.X within the in were included areas and investments quarter million expenditures and Capital technology manufacturing, for retail.
of a $X.XX paid practice in cash capital per shareholders, declared January, our our was subsequently regular February. which returning dividend Board continued We of quarterly to in share as
quarterly be paid increased release, total per Our dividends our as $XX.X share, the May. in which just our paid million, to also Board by will year-to-date $X.XX were earnings XX% regular dividend cash in announced
regular years. every since increased cash have the year XXXX and now past We have quarterly cash in paid of our dividend each a dividend five
while produced environment. challenging our In operating summary, we gross in managing expenses strong margins, and a
business. carefully As that we structure, expense through initiatives further believe managing in we while XXXX, will move growth our investing are we our
the over call back turn to Mr. will I With now Kathwari. that,
