Dave, and good everyone. Thanks, afternoon,
now amounts in currency. other I results our I'm result. quarter our heard note year and reported outlook to results take and A discussion measures, core our detail updated financial to restructuring our that throughout found our and you’ve the constant management through are be can charges the are GAAP and for believes refer the the our non-GAAP investors provide As results quarter this posted Also ongoing before you an Please fiscal release account results earnings our exceptional, our not fourth full and for note adjusted is between non-GAAP not greater results them tab. reconciliation on referring in I'll under that website taking to operating XXXX. for non-GAAP are into where
Now to results for quarter. our third the
our the record well success above ahead million, focus, areas our $XX quarter contributing strengthen view our that Koolaburra revenue Revenue the $X.XX was and including was as and profitability within we a As prior high revenue of our share HOKA of in result styles in Dave guidance earnings million by for key prior UGG non-core $XXX as brand. to mentioned, classic per saw period. reaching and we in third achieved well guidance, sales of non-GAAP
well of Specifically, weakness distributor of year within Koolaburra by $XX to DTC related market selling. sales the brand and fewer driven of expected recognition revenue versus for full points partially as of accelerated change as drive These our and by see closeout domestic and volume HOKA product $XX $X and less to full continued shoes. sales majority last million date seen quarter. from last the $XX economies originally basis improved $X European non-core primarily driven UGG and our QX last driving Koolaburra as approximately early by year. share planned increase this also and result margin. seen than than from year. the in the the have was for sales this the selling from higher earlier million shifted XXX and highlights also into women's the channel. year higher were the distributor rapid activity quarter in HOKA was was significantly up macro million by top some as in guidance Europe above price and our introduction women promotional expected compared men's to the run million channel The million to million up for was better specialty Asia with planned price wholesale year environment gross helped up promotional brand million. year by as turn and in shipments as domestic to UGG last from incremental earlier The wholesale strong QX. wholesale fourth less of expansion was UGG to was $XX UGG some margins this in-season offset QX driven reorders headwind. which approximately compared million within internationally and ago higher $XX from million regional continued was results quarter Gross orders to including contributed a European increased styles deferred that of sales face to as globally were year as expectation wholesale orders $X that line due higher well a improved a revenue in $XX million XX.X% Revenue brand. $XX online out for in
as share from incremental $X.XX from approximately from cancellations, coming additional reorders fewer $X diluted driven the and rate of guidance expense and a and primarily net $X.XX. operating $X.XX the was chain and $X.XX impact per rate, early by our $X.XX Non-GAAP variable expense and year increase in expense X.X% On as adjustment from to deliver on as beat support in of related to reduced well The from year million from tax and higher majority driven margins our share improvements last European major benefited to fewer combined initiatives with improvement improvement, to supply in million efficiency. back-office of year implied was The increase continue In from efficiencies price European non-GAAP by addition, from million million to net cancellation, $XXX shipment guidance. by in as below promotional the as to two expenses, quarter from in supply $X.XX higher compared last an coming tax impact promotional results And an quarter to million our last we processes was our $X achieved up in improvement The revenue our SG&A increase improvement and the $X.XX onetime sales by continued marketing $X balance was efficiencies selling SG&A from leverage. we wholesale driven $X.X by operating year. of from but reorders sales a we $X.XX profile. higher million previously $XX overhead $XX the operating from profit higher sales expense increased to by driven credit. last contributions high-end compared earnings continue $X.XX and driven chain quarter, improved legal environment also deliver we anticipated, margin, million $X our guidance count and in due on chain from implement above profit income of the The spend gross of due supply distributorship. these plan, to from to full $X.XX strong and operating non-GAAP less favorable guidance the planned was the improved than a million our of drove less range environment earlier
XX%. our rate tax was For the quarter,
increase continues of $XXX December using last sheet and were million year XX over and $XXX,XXX equivalents repurchase to last our compared which borrowings Inventory shares down $XXX last million to balance $XXX compared this months. to $XXX on million million remain was Now strong to short-term was This XX. to time to XX% at year. Cash past the flat year. includes
quarter repurchased total During common shares the of of for million. XXX,XXX stock the $XX our company a
cash Directors the XXXX and of authorization. share results our flows the million remaining in $XX December over strong as XXXX. $XXX to Combined repurchase under time, XX, strategies to repurchase As million million had the previous In $XXX repurchase $XX the of $XXX produce XX, with light approved our amount confidence its the the Board authorization of million authorization brings of company of company's to total up January this an stock stock increase outstanding of company's million.
Now our on outlook. moving to
quarter, For revenue $XXX non-GAAP related impact the to for breakeven million range fourth European in to quarter reduction between year, year. we in and sales orders Hence QX, to and of range planned million of million distributor out mentioned $XXX for this the $XX shifted be year. we the to EPS expect this last QX revenue The QX of the in of expected online $X.XX. includes orders and the the wholesale million expected year-over-year fourth $X the that into the previously compared as change recognition that wholesale shipped of to and early quarter
incremental heat strategic growth that and drive brand fourth in In for see addition, we have continue some initiatives. as supports to opportunity our marketing momentum to the and build quarter an this planned spend
expect call. the are For $X.XXX now updating We in to to that the the on $X year sales be we fiscal range provided financial of October guidance billion billion. XXXX, we
are and now is to to expected Our been last include be year, Sanuk updated at in range, has to up expected to HOKA up be to expected be Teva mid-single-digit. be low-single-digit, the flat expected down brand UGG roughly is level mid-XX% is now to sales now outlook
of Gross one-time the operating certain XX.X%, of remainder to sales below non-GAAP of XX.X%, this of to $X.XX raising be in SG&A the range our $X.XX to are are a be benefits which expected above per $XX.X approximately of range to earnings be achieved anticipated margins diluted the are in now the to now and year. expected which margins million. we a now count XX.X%. on And share now to percent XX.X% share, Turning expected are P&L. be are to includes as
XX%. Also potential fiscal the as rate in our of XXXX for guidance fourth tax and well reduces rate we guidance an future XXXX fiscal expected tax expected the charges adjustment which quarter our the and any as any repurchases. share excludes tax for non-GAAP the had for now third approximately year, effect assumes Our a quarter of
we with us. begin do monitor we business should impact any imposed work to decisions the to from our to Additionally, supply strategies currently identify tariff currently chain and But risk will to tariffs. tariffs expect operations impact closely continue our not future mitigation
a favorable quarter. over environment, aided we year the previously improvement promotional driven expense have higher to revenue of part improved third of chain in achieved less from by actively tax per the conditions, we savings As weather as well marketplace flowing and count, full of an beneficial rate fiscal and $X.XX of the for production there. includes The of results $X.XX margin, being been earnings from currently reduced by the have and operating our supply of share outlook updated $X.XX shifting $X.XX as through quarter mentioned, done additional in higher due we $X.XX XXXX our management approximately production quarter China, outside than from $X.XX third have improvement share
significantly airfreight fiscal selling fiscal lower margin guidance at normalized in not reorders and our These year. fall we operating cancellations Reduced may margin. providing in part several include future not compared important be may future we're price be from selling increased levels year, peak items think promotions this strong anticipated the considered which that year to I will future higher from weather should beneficial results achieved this by in high season aided it fewer needed profits XXXX XXXX year-to-date the and and in outline and necessarily from repeat periods with full include driving one-time to occurrences reduced sales closeouts in season point in anticipate the in Therefore, is usage be during the as While time, profit of to that higher year in benefit items periods. conditions.
may impacted addition and and women's marketing also invest the including men, UGG and as best-in-class digital our them be growth spring with future margins we HOKA in initiatives and brand the capabilities, our to In UGG summer supporting on executing grow underlying our course staying committed to remained product on strategic innovation as We speed-to-market. and improved we initiative business. continue brands the and build
handing that back I'll Dave, pleased like But well-positioned the turn of remarks. work updated phase to Before our We call with closing deliver of on to before do that say I on operation. brands year to how fiscal am providing able in next With confident still I look to end results the you I'd management outlook plan, to I this track an back demonstrating our XXXX his will it but our long-term and forward to team our Again, year disciplined we now been fall the has so. while not an be providing have stepping and year-to-date, Dave am into to call. May. update this we are on for with do
