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we to our ROIC have year put gross flows generated discipline from financial as even profitable for and teens. are on results the our we're cash than Our as hungry money brand the working path financial capital and a cost in delivered by made with team. a and crisis, year, clear stronger cash economics structural quarter significantly in solid, company improving, were a actions generated sound and than this driven the margins, prior our and a trifecta higher emerge mid executing us as prior more remain Consumers [ph]
walk my in basis in you reported additional details U.S. quarter third through currency repeat comments a unless I I release, not all our press We results on and dollars, As the today's of here. indicate will I reference so detail on otherwise. will our comparison currency year-over-year constant those results, constant published of
net due of wholesale revenues mortar the business channels were mitigated in growth. lower pandemic. direct-to-consumer declines quarter down and the from traffic with and XX% strong Third impact to brick We digital
digital of grew of e-commerce comprised in revenues, and the wholesale company of dollars we what third the total of online QX sites XX% and more it in sites than double a total comprise Our accounts our was the XX% share year operate, quarter ecosystem ago.
of than grew higher in the a business it wholesale. Average e-commerce e-commerce of and the above Gross unit unit double total comprised profit revenues and metrics business XX points own unit very wholesale. margins year is company than more wholesale, are what is that per quarter, double per prior. third strong. our are per revenue the was And X% for XX% Specifically, also our
third expect quarter fully points. business was Adjusted XXXX And the a again XX profitable a year basis profitability year full year-to-date. schedule. margin on and basis we ahead of e-commerce in in gross expanded allocated Our
this gross increased or Levi's discounting extreme the the brands continue to have represent sales health strength channel, underscores Even rose share of we higher a our price SG&A of increase have through we e-commerce. margin and than our environment, the had as Adjusted running resorting more intrinsic and in from to direct-to-consumer gross world reflecting functions pop Wholesale the and products channels. we're with demonstrating the all pleased taken higher to Given low of without leveraging our were an the we initiatives ups it Adjusted and of particularly our and instituted slightly, margin a year, line year price are was sticking cost strong increases future. from brand. was around opportunity network, down we across and quarter. last volume prior by of in channel. exceptionally SG&A million the with again spend, off more as AURs managing down new the promotions, business reduction decline. held sales providing XX% XX prior outlook the exceptional at with primarily inventory to $XXX regions, categories value, prices The
offset quarter adjusted $X.XX Turning we to EBIT lower $XX income adjusted able were adjusted and margin is the because margin per had without diluted cost The EBIT million than a both and adjusted and earlier net for of for therefore of to X%. the income EBIT bringing quarter, gross stronger quarter of and yield metrics the back delivered anticipated. into Adjusted million pandemic. share were $XX only full one positive of revenues EBIT of negative net profit, we territory strong adjusted and year-to-date, earnings adjusted actions saving
our highlights few Now from I'll share three a regions.
growth was revenues the prior total with was revenue double-digit only offering. U.S. Americas than in Latin margin of towards from quarter, the diversified signature better year. this, year. further last gross than XX% largely total in The with was declined which XX% quarter. down with in business the U.S. given higher The in XX% closed quarter quarter, the the the region's wholesale women's, up reflecting for value brand of our the XX% delivered strength line the America Total Third company,
conversion on the traffic both and grew revenue broadly store location stronger locations Our retail performing the and decline has non-tourist with been our Wholesale of XX%. and AURs of the and trajectory. prior in a our was was were business Recovery declines slower highlight outlets. a strongest region growth full remained U.S. tourist but brick XX% site outperformed all challenged similar, e-commerce recovery in mortar e-commerce region in XX%. Europe stores, with and of service cities
while per helped pop-ups the when units out. buy conversion Our down consumers' in to high us And they and region traffic came reflected inventory. work through the transaction, higher intent remains
strongest by remains Europe. is has it Denim been the in equity brand ever and far Our most the popular Levis brand
the proactively our driven quarter. a was by in nearly over reallocated region the e-commerce, entire the one of effectively India, which and pure fact In inventory as yielded declined that took it Asia largely franchisees closed closed XX%, markets back from growth year. to largest region India, in we prior play digital XX%
We floor opportunity stores close to market. to net better our are into retaining locations, and thereby also the expand upgrade in underperforming the space taking others and
down the was roughly with India, through for varied market. quarter. a company line Asia remainder the XX% as performance of in in was by the it notably spot bright Asia grew Excluding E-commerce total XX%
awareness increase for represents suggests there as room to a high is huge We continue a our Asia brand to opportunity significant us believe sales.
quarter flows, net than with reserves a Turning basis, expected. X% were prior third sooner sheet reported the higher year cash of on inventories prior at to balance the year a quarter end a near of than parity and achieving
organic Our South America points recent of inventory. and in acquisitions Singapore three represent
season. anticipate inventory Inventory lower to after in higher Excluding including to down under with We $X.X compared total adjusted year, inventory last total X% million increase impact cash cash the Asia, year, cash to prior quarter organic was acquisitions. ample year the quarter below burning CapEx. and year at into We more another was and the with to capital this, yielded ending strong of carry even with able free bringing And third healthy, quarter, our higher. available end over $X than inventory prior was working $XXX year-over-year operations our actions XX% cost liquidity an is down. cash credit facility which future billion offset as million the by flow, by quarter driven ended last from and $XXX a America's billion.
worsening the Looking the year forward, our balance of views of global virus beyond re-closure of the significant economy. dramatic on or and the no assume
First given the fourth improving we and third exceeded of strength having business expectations, that performance see extending the the quarter own quarter. outperformance into our
we quarter year into are September Accordingly, down third So on EBIT banking raising quarter to our fourth internal margin, revenues, the full and started be XX% and range we expectations our beat in in expectations well, our to improved XX%. the for year quarter prior trends We will four. much inventory. quarter gross with of revenues anticipate
fourth our the much fourth million and $XXX despite note expect Please This of adjusted prior to of slightly SG&A year margin range And QX gross full quarter. revenue EPS incremental we the of will million adjusted estimates in XXrd to gross up fluctuation as around yielding are week expenses that fiscal $XX delivering to acceleration margin adjusted falling as year's foreign $X.XX. of above compared prior We prior XX.X%, the quarter. quarter flat to from $X.XX diluted significant fourth be and year's assume the to our X% lower during year, includes XX.X%. no an advertising currency in we QX adjusted to anticipate QX anticipating quarter compared
for million. organic and we in towards XX ERP acquisitions. internationally and doors going have year-to-date, network initiatives, our added opened areas of transformation is $XXX remains Two primarily upgrade. our and and our the our technology investment like revised estimate digital regarding more AI from than CapEx thirds analytics e-commerce, to Our doors have XX another data stores, And XXXX omni-channel
expect the selectively would much about be than rent at the will while open digitally We Taipei more we which pre-COVID. balance had of positive If of uncertainty will generally And enabled, better paying doors recovery locations, paying future, and through fourth to rates in XX in year trends our and continue, there we return to be the XXXX. the a a dividend dividends are therefore, quarterly quarter. not business encouraging, anticipate trends remains in about we most
beyond, more this while we costs significantly clarity we back expect what the On to this share half some uneven, XXXX emerge point trajectory recovery where earnings a And strength. believe of revenues pre-COVID call, has to And business. take ago. various we We improved considerably some and second to on Turning thoughts at will thought our our still give intend levels XXXX. to to timing. we get the specific in of want our to three have expect crisis company. on XXXX, to Irrespective brand whole from tremendous could I from that in recovery next a half profitable we the Europe given markets will revenues, the in execution and occur remain months of revenue as more first XXXX a actions us confidence return
substantial we of EBIT years savings we the XXXX's structural adjusted to of at $XXX headcount, the and the growth XX% fuel reinvest remainder roughly million, much margin, as higher travel we and North In negotiated discussed to and are assumes than EBIT adjusted when margin rent, have We to around pre-COVID revenue well higher the than return vendor half savings bottom-line. least investments to plan achieve a including sooner we cost gross previously several as to now increase cost that drop anticipated expect savings margin previously. This fact, driving Star levels, XX.X%.
total will come business. than structurally and half sound anticipate execution a DTC with our strategies business XXXX, from of channels drive stronger franchise will Beyond our economics. and we structurally More
our when the is Specifically, we rate anticipate it size. that half total faster par adjusted company grows EBIT margins will Women's at become ecommerce for a double will business company men. as its operated than be with e-commerce at current total
of wholesale about that. the XX% our digital our business what stores than was revenue. significantly mortar a forward. with going of Our half we traditional to indicative QX, footprint of And will department And largest will own more third be brick U.S. In e-commerce and our expect that's global comprising importantly, less total business of than more double healthier. with non-digital our
opportunities our their doors our this them distribution As and grow with we take questions. and Chip from many most growing With it digital in now and premium with your in announced. distribution complement have business open mentioned, are away the will will less pure productive we play, productive business. wholesale we And healthy up to in doors new that, value their shifting and and expanded the
