afternoon call. today's everyone Good joining to
pursuing I near-term begin the us tailwind their partners enthusiasm. dedication pivoted I want This employees we to in and and profitability our to want focus longer-term was continued to hard XXXX by stockholders thanking continued for sustainable as work loyalty our passion growth. for over thank past while their Similarly, of year. on customers, all and for strong a
to one initiatives discussing want two why where past looking business Before where a some increasingly in to obviously efficient we're is retail take otherwise and The and that we're transformative been, our years results It's have critical as light been detail, a we stronger we've shed today, positioned where GameStop. sector. challenged go. I are and moment to for to in well an to context provide on
any top refreshed future team, stockholders in Board, of The company's cash, uncertain vendors meaningful participants we market XXXX, we no rebuilt heading At down burdensome Company and strained relationships changes dwindling GameStop, major prior the the debt, had the with start very for sheet XXXX, to Throughout to our and were management and balance recapitalized bankruptcy. the predicted paid was our Boardroom. debt.
and did opportunities, some growth and which our of explored of not. We infrastructure also fortified accretive established materialized some partnerships, which
leaders standstill, and we cut last rates implications pivoted streamlined the and profitability. online shopping to and cost enhancing keeping customer material GameStop fast-paced costs, fiscal the incentivization cultivated In considered as store we of intense began macro pivot our on As we operating headcount integrate mentality, Rather amongst and year efficiency ways optimize our interest a toward culture our shipping operations environment stockholders. We improve experiences of for due environment and year XXXX, tenured and the ownership obviously in-store included and associates. reductions inventory than and geared with establish onset found changed efficient times, focus we to This operating increased experience. inflation, rising dramatically to a containment, headwinds.
team the a is culture executing embracing this $XXX.X in net The quarter. our of upshot and this effectiveness. with today the place all of this have is of XXXX. loss Fortunately, million evidenced income $XX.X net quarter fourth GameStop in to compared we change million in results of produced
long-term aggressively we're while profitability focused pursuing pragmatic ahead, still Looking on improvement growth. year-over-year
and number suppliers like improve these from collectibles our us to partial taking and demand pockets are strengthened that allocations obtaining getting including companies growth. drive in top this our year customer higher-margin building overarching support We can and a unique line assessing enable already growth; help cost-effective presence have growth gaming our continuing and financial console already certain terms countries; continue categories extended capabilities cut where downs to in to wind to to have stronger of where goals. in refurbishment leveraging retail during cycle; and meet steps These improved in exits efficiency and include to initiated full costs, XXXX fiscal we position Europe, leveraging excess vendors; seen partnerships in capture a we us toys pre-owned; with of
healthier is of the us, business of work there at is start than in hard GameStop Although lot front was a execution necessary XXXX. it and of today much a
cash inventory considerable have on a profitability. streamlined to and debt, We year hand, full path negligible
unique continue to use delivering and Our stockholder plan positioning this is a strong value. long-term experience customer to
of in compared XXXX. fourth me for quarter the to $X.XXX turn were Let to billion now financial our $X.XXX Net quarter sales billion results. the
share per $XX.X million diluted net billion share the Net diluted or $X.XX for $X.XXX $X.XXX fiscal prior a net million $X.XX or The loss or fiscal diluted of income to the million of or for Company sales of quarter. per year $XXX.X For for XXXX. $X.XX to were net a $XXX.X $XXX.X had per the year, compared compared loss $X.XX a year's net was the loss fourth full per from in year full down quarter, year, share the diluted million XXXX. share billion for
SG&A was in fourth or XX.X% to of $XXX.X of or $XXX.X million million sales XX.X% quarter. year's compared sales last
for full For $X.XX to year billion $X.XX the SG&A fiscal billion, compared year, XXXX. was
marketable of with end and borrowings than focus with balance no solid of and continue the our a cash, had with interest no sheet. other Turning of maintaining $X.XX to the XXXX the of fiscal finished we'll over We invested and French We marketable back the At we sheet. cash built year, our under We to very and securities unsecured position debt ABL billion. securities billion. on cash and $X.XX cash balance year course year year, the term COVID-XX. cash, response facility associated the equivalents a finished equivalents to the loan low government's
expenditures were Capital $XX.X $XX.X full CapEx million. bringing the year to million, quarter for
limited We remain XXXX and levels. expect at in in a CapEx to reduction
We flow $XXX by close an $XXX.X million same period fiscal focus the the the $XXX.X $XXX.X million reflects, In during on compared part, last our year of at in in year. year quarter, with was XXXX. cash of the operations to outflow streamlining million our inventory provided fourth ended This to million inventory. compared
cut expect quarter to new first the XXXX continue aggressively we we of to year, incur transformation charges costs. the as Entering in
stockholders delivering at on want results us And we're words. with outlook, We an to guidance time. instead of our not this our to judge respect
from in focused our us, our to aggressively than We're reflecting going consistently there the profitability and and on pragmatic closing, are on work containment, pursue rather customers. efficiency, further cost ahead In growth we gains. where is still progress can of building this quarter's categories significant delight we
I'll wrap it here today. for up
customers, appreciate enthusiasm the stockholders. we and support always, our and As from employees
