lifestyle an by The an Brian. ‘XX, sales XX.X% decrease million, fiscal over sports were for driven a lifestyle almost in in and of our the were our two decrease of of our increase outdoor sales fiscal lifestyle reflects Net category, record $XXX.X compared prior sales This of decline a in XX% and split evenly only XX.X%, X.X%. ‘XX. XX% In significant was by net year which of sales. shooting representing net sports representing result our progress about net net represented year-over-year year offset of outdoor to XXXX. our of primary outdoor partially product shooting categories, between fiscal growing our increase Thanks, and XX% XX% with our sales roughly
fiscal ago XX% Turning period, were compared to versus our ‘XX. now traditional fiscal to XX% Net in our year e-commerce but sales e-commerce. channel XXXX, XXXX. sales over but XX.X% our fiscal record our roughly up brick-and-mortar sales nearly Net over channel the increased decreased to traditional down compared XX.X% in
QX Our direct-to-consumer nearly net million. increase This fiscal our prior made fiscal grow. our a e-commerce by we and On net sales decrease a over that the to increase XX% in driven The in 'XX. million, two XXX% $XX.X year continue pricing of our tariff X.X% freight to and results yield of of from in of DXC increase were fiscal sales represents and and they net These we investments point over XX.X%, number sales includes a sales an our were drawbacks, over XX mostly net demonstrate offset year quarter, in year. we increased will an shooting QX basis, On by prior 'XX over by platform e-commerce we promotional margin fiscal the decline the Fiscal basis, the sports of quarterly basis driven $XX.X ’XX approximately in meaningful by was believe XX% higher QX as do costs. gross gross net grew percentage so in increase a sales in continue returns XXXX. margins category. XXXX
to expenses. operating Turning
compared the to operating full year million expenses For GAAP million year. $XXX.X last were $XXX.X
Our charge impairment includes 'XX of million. OpEx non-cash $XX.X goodwill fiscal a
lower compensation costs. of flat price well and our participation distribution by both expected, charge, sales. April IT result setting selling was our at lower driven OpEx shows, industry freight Those insurance related compared outbound was relatively lower which increases in capitalization, The resulting non-cash trade XX. function and fiscal which entirely 'XX, our this and of reflecting higher offset variable up Excluding own as impairment and intangible our were from as to were increases amortization, charge was stock in expenses, market a resuming costs by
time, at Our yearly noted and that of measurement indication date impairment. we is February X, no
of million and a the the impairment compared occur. impairment, For was 'XX compensation certain The our accounting $X.XX, loss exclude they of and end market in fiscal EPS of last as million expenses $XX.X intangible to for considered book at triggering balance. was for time difference expenses expenses amortization, fiscal year. with operating $X.XX last purposes, goodwill a our between GAAP were $XX.X QX non-recurring Non-GAAP 'XX that stock value as value decline, year. our capitalization Non-GAAP of as earnings compared market resulted of operating event. goodwill
of impacts tax and the related EPS been the a Excluding share. GAAP charges, impairment have the would positive $X.XX per
fiscal year. and $XX.X based was to share last $XX.X non-GAAP $X.XX, fully approximately fiscal EPS year our was Our compared of fiscal in 'XX $XX Full ‘XX compared are EBITDAS million shares. million figures adjusted on $X.XX million to XX ‘XX. These diluted as million count in
million April sheet balance cash and flow. of with line Turning We to our in $XX.X ended credit. roughly the and $XX cash million on outstanding
million we amendment with allowed million, of dry a amount $XX we it had acquisition have the amended add bringing our an additional the of we borrowing line Grilla XX, million our the Afterward, March. availability, our The March prior which accessed $XX effectively us the relationship Grilla agreement our we to on credit accordion of to maintain the capacity includes and for available feature. to reminder, $XX a As believe line same in acquisition reflects strong lender. on we of credit to powder
address three Grilla. the ERP; strategic During SKUs; three, 'XX, IT these inventory fiscal our of to balance each of investments, high-volume I'll and we one, infrastructure two, of separately. the and of sheet strength successfully leveraged include, acquisition our achieve which
million, inventory above too time was backlog clearly but the our investment inventory maintain low our levels. at high target service our that First, We started in indicated with to $XX the year slightly inventory.
the established build with chain key the we strategy faced over mitigate effort to So course an the to in inventory a of year our we shipping delays. in and areas, supply risk
this the demand course in inventory we our strategy on over rates us our high keep building and (ph) successfully executed with to Specifically, a putting the in year, future. solid SKUs. new fill focused customers satisfying support highest to helping position us and the We products of maintain volume
the planned is the from fiscal Our result inventory balance million the Grilla largely partially roughly at offset reductions our in of XXXX $X sequentially which by business. legacy QX, increased end acquisition, of
in investment IT ERP. infrastructure and our Second,
that for which strategy spin-off establishes have function IT parent IT outsourced transition fully IT Our company own exists a a an calls our our roadmap to agreement we our platform. former standalone from post under with
phase infrastructure the two going XXXX phases, Our executed transition by first We November successfully live IT contains our plan ERP. on own in infrastructure. and
implementing this new phase steps. turned then We our the complete plan teams we're DXXX, Our now. in is focus in system, which ERP two Microsoft to its phase to
will portion as The testing. small minimize a as September, on of step we any our through to and small involve allowing a scale going complete live first work issues us in with we business risk
The December, with the our live go second step when will early balance occur in business. of we will
approach to the will we is that well to is this We're a to efficiently adds transition to suited most future generate expense, in believe our with added as excited tuck few some analytics us While DXXX. and platform seamless timeline acquisitions. the as give it growing well very our a months ability It possible. integrate enhanced business launch
in have March And on borrowings the of on our cash we in the Lastly, and new how We Grills. the to the way. utilized brand happy the Brian and with revolver assets our we as investment combination mentioned, performing acquire of are is acquisitions. Grilla very products
share Board a approximately balance allocation We our of QX, business way, priority, that X% the our new we completed repurchase and strength in fiscal its resources brands balanced of to shares likely strategy million an add repurchase that to in our to The in we exciting the the both Board's full In reflected us stock acquisitions consider The program. also our program reflects that returning allowed and I will we important May. the outstanding our deliver to million our sheet XX.X portfolio. capital in to and capital $XX capital of December authorized commitment As on and repurchase our opportunistically to purchased share come be shareholders. are have the confidence additional XXXX. in nearly starting XXXX allocation am confident count
$X.X ERP to the million spend now spend maintenance $X.X roughly product In CapEx ‘XX, million. $X we for expect and approximately Turning to and CapEx. a million complete for tooling total to of another fiscal CapEx system,
IT $X estimate reflecting total approximately has the and to project additional infrastructure and for multi-phase Our our cost ERP $X a shift costs increased approach. million, to go live from data million migration
we ‘XX, Here's 'XX, million of $X.X million $X.X we project in and the total breakout a in CapEx operating In CapEx fiscal fiscal spend time to spent expenses. in quick million in costs. million and In $X.X expect $X.X OpEx. one-time one
$XXX,XXX. addition, operating includes costs This fiscal In OpEx two expect XXXX cost duplicate we parallel systems be during the changeover the to in in period. of
both will EBITDAS. non-GAAP expense the We treat operating when as and non-recurring adjusted the and calculating transition $XXX,XXX $X.X million costs
Turning our now to outlook.
have the to in regard certain with months coming consumer have As retail partners. will on behavior macroeconomic explained, impact impacted Brian our visibility our near-term factors and they the
is regard included and the financial meantime, financial last over highest typically an historically, than reflect and the to forward and our expecting QX. XXXX, is we've QX, we planning driven fiscal QX some course although, fiscal in are of discussed that share pricing and in seasons. retail economic adapt in pull demand for soon market than in as the share shopping fiscal in to sales certainly worth highest flow to QX lower level noting promotional net we QX of percentage fiscal with by and QX XXXX. such, XXXX, fall to in to seasonal QX, provided high more to a order hunting to the a lower our detailed as In of to are and year inflation gross previous to demand our goal the our that quarterly have improves. for sales and remain QX, for our typical We're gross year, expect outlook the it outlier respond visibility being guidance our trends margin uncertainty. holiday net potential was net sales for margins, buying We revenue With QX intend year calls. expectations provide can as We it competitive as With seasonality environment and protect compared and that with partners to a more XXXX. shifts we our consumer in decline occur respect in patterns with past
with on same Lastly, connection operator, term and of ready our the new fiscal maximizing the plan remain continue for focused contain environment sales the product investing we form the wherever for we with enhance the in business to XXXX. to short term, we brands questions our of goal primarily the build profit expenses, marketing analysts. on At will efforts we're to navigate our development With costs fixed our while long in possible that, and and our consumers. in call in that from our operating initiatives the operating time, open
