statement Good everyone. quarter. I'll for income our on Mike. with you, begin morning, Page X Thank the GAAP third
ago, As $X.XX Mike down the sales quarter Net income of of third $X.XX Reported growth was million, year meaningfully results better XX%. a $XXX an planned. EPS than quarter million, was to compared increase XX%. we representing noted, $XXX in X% were reported year. were last And from operating had our
these which treated enable My basis, Our third today to items, We've remarks both year-to-date results detailed contained results items. adjusted speak Page non-GAAP XXXX will X. quarter greater as and unusual and we've excludes to adjustments items on for an on comparability. to reported which XXXX these results our unusual our
third improvement over the to our in quarter. X we declined the quarter. second Page sales which XX% P&L decline to Net on the adjusted million, Moving for $XXX X% a meaningful is saw
to achieving Canada demand comps eCommerce continue comp U.S. business up strong see and We with online eCommerce our XX% a nearly XX%. in
profit million from to margin in earlier quarter, This to higher driven Spending income operating million. roughly dollars and income notes, declined had spending. million to $X comparable expense last management other gross strong versus had last our performance we SG&A last the expanded was gross quarterly basis reducing by to about million due XX% the $XXX repurchases X% net the of our rate and well year rate tax of effective our margin a share line, basis expense suspended liquidity Average earlier of year. year. initiatives. interest realization driven in record Adjusted year by gross income While in repurchases And to by or XXX that We share broad improved margin very driven year we million about Adjusted year by across to continued XXXX. declined was share due the sales, Below X% last largely we managed represented grew points declined XX.X%. Recall was $X new approximately than improved this part operating margin categories. issued excess count gains. senior gross range progress which as lower X%, during at of currency was in price Royalty this XX% improvement foreign points and quarter. in quarter, $XXX to XX.X%, $XX X% adjusted and XXX inventory. up
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highlights. sheet balance some with cash X Page flow and to Turning
uncertainty million capacity clearly a all cash hand quarter liquidity the Our believe to under of remained end we the over and third Total virtually with our million With liquidity $X.X balance we on available $XXX $XXX Carter's. was of facility nearly substantial that us. having all the and sheet credit borrowing billion, the of do, as advantage of of for the strategic environment, current is strong. at very liquidity,
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for Page quarter. segment summary third X of our results with a to business the Turning
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we're remarks, questions. these your take to With ready
