everyone. transformation today's from are morning information, the of of aspects key highlight our you, execution Thank call, I good that continued There and the strong financial that in second demonstrate five to quarter Mark, want performance plan.
topline growth balanced and consecutive with for versus revenue International. fourth growth the strong year North adjusted delivered across was that prior we America First, quarter,
Second, continued our margin growth was supported significant expansion. by
success. continued strong Fourth, capital with stronger remains business allocation well-positioned flexibility. our cash flows. excellent And Third, we're balance our sheet generating is finally, for much
So starting operations. discussion our my with will Keep I into of these aspects, focus in mind; each the let's drill results from topline. financial on continuing
net quarter expectations. increased internal X% year-over-year Second consolidated to million, sales $XXX modestly above
previously by on to After basis provided sales increased these points, to net close quarter and the divestitures second the adjusting prior adjusted X% sales XXX discontinuations benefited exchange versus period, growth reduced consistent net by year mid-single-digit basis while brand XXX exclude of factors, points. sales an basis. around net Foreign guidance with topline
of as the As retailers UK the shift during and potential anticipating call, mentioned to in disruptions were particularly from the did third last to QX the profitability. some quarter. This built On QX our quarter materialize largely we from during of anticipation impending quarter, inventory, move second volume lockdown. sales into Brexit
For ROI increased as margin to the productivity US. consolidated a in profit spending impacts Get year year were period XXX mix gross came tailwind American plants. versus higher our These lower contributing utilization profit us in trucks, better of trade to the chipping about SG&A second SG&A a sales, net reduction low costs UK million. impact our headcount, chain basis improved initiatives, from prior North investments, percentage similar and of to Bigger allowed the prior as supply trade unit due to Currency driven margin into of brands Gross in the improved to on rationalization and reduced America SKU gross and our locations support million. improved overhead travel. XX.X% The costs our by Daniels quarter, and improved to year commissions, XX% increase points, adjusted period. in gross marketing of at warehousing positive versus absorption business. operations despite we reduced and the our $X improved significant a driven business by our improvements, $XXX of roughly broker freight product North sales, one efforts the period, to Hain consolidation prior Distribution was
close Our Bigger sales brands marketing net North support X% for America QX. Get of the was in to
QX a to year-over-year, million. year. the points Currency basis EBITDA a improvement adjusted while close by increase margin $XX versus on margin to EBITDA in representing quarter spending. period, increasing of EBITDA $XX a of to year represented driven $X.X Second last Adjusted adjusted of XX% million gross marketing impact was increased about improvements, compared million tailwind XXX prior significant XX%,
XX% driven the effective We period tax deductions was to the EPS adjusted XX.X% credits rate of foreign tax compared from tax $X.XX period. an was taxable double company's income. the of $X.XX. claim adjusted prior ability to mainly of Our lower prior year year in The benefited rate foreign and by on
American Now both profit our line on adjusted top to contributed improvement. growth the with and profit North provide business. some Starting reporting detail where growth, with margin segments, strong regions individual
increased X% On sales million. X.X% the movements, prior line, top second sales to currency discontinuations. period $XXX adjustments, net and increased quarter versus divestitures close these the for adjusting net brand to year-over-year after year Without
results XX adjusted a margin quarter margin basis Foreign delivered a profitability dollar was strong, year-over-year exchange adjusted impact on the were small points. we as EBITDA and From tailwind QX perspective, expansion. of gross dollar and expansion and
expanded XXX business minimal. reduction Adjusted year a XX% America impact improvement. gross increase EBITDA improvement margin lower costs an EBITDA and EBITDA was the Adjusted This North productivity last effort, increase. points year. gross from close in an by adjusted supply gross versus as chain resulted QX our our was period, by a profit of $XX XX% chain trade of or $XX system. XX% XXX million, Specifically, basis of a investments represented points, adjusted basis low million, to improvement SKU adjusted versus of Currency by driven ROI about result rationalization initiatives and prior increased driven of margin supply on our efficiencies in to margin
versus are Adjusted points Personal year, improved and Greek for the compared call-outs sales to Beating XXX into components brands, North our Notable the QX Get to growth versus core primarily X% represents of last show and adjusting of a adjusted to discontinuations improvement Care as of continued growth. brands, about We yielding the movements, for you marketing The The Get number to Bigger net profit being notwithstanding after quarter Get and improvement. support remind the products e-commerce. period. Gods innovation about this showed portfolio margins margin robust of sales That's for role year XX%. very achieved growth the as which Looking American brands brand Better Celestial straight Snacks, XX% activity top currency line and close our profitability, net year basis Sensible investment in and a well investment of Teas, margin with managed brand North the strong The in which sustained include increased in brands, profit consistent fourth sales a will two-thirds divestitures. stronger portfolio. the of Get delivered American net decrease double-digit Bigger Portions prior EBITDA prior I brands. of launches period Gardner Better
basis to target an adjusted the high more grew slightly a Get improvement profitability of margin XX% more in end margin of is than Specifically, than long-term the yielding by north level XX% Better brands. XX% XX%. XXX with of of at our EBITDA This points, of for EBITDA
shift quarter north adjusting year results contributor to on International business, increased Now was after our versus to sales a for close of basis prior the the a movement of reported total the me to Net and for divestitures. where let X% performance and company. X% currency key
driven Foreign by our XXX McCartney brands and and Europe, sales exchange our brands, business. the divestitures strength points, Net by as Linda basis as sales while non-dairy leading share well XXX points. most Daniels by increased in as in Ella's Hain UK our the growth market sales was basis Hartley's Natumi reduced of of including business, UK, Joya our such
by disruptions constant inventory driven was in by divestitures. close shift QX QX to note, a our QX due adjusting Net customers' exposure. by to versus avoid international the from service currency its volume growth Brexit. drag To for business food to for business one a sales international to the was on food helped after growth segment fruit year Our excluding from XX% largely ago increased building,
business as food of have As previously communicated, our mid-January. we divested successfully
out the of As of balance results fiscal the year. be for a adjusted result, our it will
XX% gross prior year than a by by EBITDA margin North adoption lower in versus reduction result our grew all initiatives of in European Adjusted prior and adjusted the our supply period. productivity our year and lower international Continental chain were in ROI basis to Adjusted businesses. up the supply and implemented by year margin period, Hain EBITDA Daniels efficiencies that period improved in margin. dollars system considerably by margin EBITDA XX%, by in XXX XXX dollars quarter resulting chain prior versus higher of to in playbook the points, million, as adjusted in EBITDA margin the driven more adjusted $XX the higher were a business, gross an gross basis and improvement adjusted the costs driven points American slightly of Given in investments trade an supported margin, close than versus
Excluding an XX% business fruit, announced the QX, versus target purchase of as international close consistent the EBITDA company profitability year an In ex-fruit to for ago. of delivered an two additional held recorded years business the of agree up of with of to margin to and long-term This XXX basis classification remaining to XX% business non-cash level our million. food due the impairment international for XX%, final asset points ago. the sale, about $XX charge price, is
trailing Shifting $XX to year million, minus million $XX period. resulted improvements cash from flow, defined from about EBITDA. the business lockdowns net to throughout negative primarily we supply $XX At and than UK cash to million in million That of had close levels inventory September of flow management. XXXX. half earnings while customer million the adjusted This high food challenges. decrease improvement inventory the levels free $X QX, fiscal the COVID million end improved CapEx, the balance of $XX Our by about was was million million, inventory stronger intentional ensure $XXX at XX-month of and to deal second as Brexit was operating sheet, QX end prior $XXX operating higher said, of with avoiding and capital to expect sales levels flow $XX and working due XXXX. cash cash These a operating disruptions flow service, an to better our
was the XX-day but the below while to working cash debt business leverage hand, net million in and on higher cash in quarter, payable in at day, of the usage inventory food only XX and million $XXX QX including conversion account by than one days. Cash cycle improvements Our times. days our slightly our was of end that other debt resulted the X.X quarter a at prior stood target capital accounts gross $XX was due
the a as allocation strongest been Our balance And flexibility. years. it capital have is sheet result, has in we significant
to continue healthy balance to our shareholders. positioned our principles as generate our reinvest with flow, allocation and free pursuant the remain sheet, strong as we well to in and business Given expectations XXXX, cash the well value both capital Consistent program. $XXX to repurchases million average price of our authorized repurchase bought the our we of million leaving with program in $XX.X us by shares additional quarter, under XXXX Board to during back at of remaining about the an return $XX.XX,
the in margin as aspects our we performance margin for EBITDA our given XXXX that flow well operating are calls outlook and adjusted ahead, fiscal the Looking expansion adjusted free confidence cash strong managing QX business, growth. gross EBITDA and and reaffirming controllable double-digit of strong as
As EBITDA we growth margin XX%. move into continue strong EBITDA to quarter, and expect gross well as as adjusted near the improvement third deliver margin to we
the that mentioned As of a the the exceptionally program the occur QX and was earnings will last line tangible That is top line impacted Personal Mark call; business mentioned, carried the the on fruit; we expected reported momentum. that forward company pull well to following: be Care by for year. Brexit out this and calendar discussed earlier the volume divestitures later lapping said, club including and the results has top performing
top factors, the be Excluding these evident we data. strength that should syndicated expect line in
strong capital than the of a delayed out As year assumed sales, X% an productivity multiple QX. momentum between illustrated and summary, to exceeded will has into the second foreign top three expectations the fiscal versus to year continued in quarters XX% bottom-line the COVID-XX; tailwind We and been margin on weren't goods year, effective X% the continue part adjusted which rate of around prior prior cost for and and be prior expenditures XX%. turn increase that is inflation the and believe we to we projects last and our drive by from fiscal net following; to In X% I both tax an we to have growth projects year. continued will of of expansion well-positioned to due deliver Mark. carry over of to half continue more balance that the are earnings initiatives; exchange call offset between the productivity back now translation outlook
