Thank you the and very hello David, to everyone much, call. on
our most some were are York a sportswear our highlighted Flanners in very our to the growth, team was increase weeks on X in everywhere the to hosting from celebrate. pride immense is increasing great an along share, younger product eyes, listing market fans and our brand event to wearing when few today's fills Central extremely XXXX first incredible years bond awareness the these the significant big since here call Exchange. running brand, see of with us Shanghai public. We ago from building very diversity premium going September Park New nearly and year. sense towards We achievements what in global in memories but our past Stock own another product fast-growing the with achieved we through be gains in David more exceptional able share of excited around strong brings observed has back the journey also Being of days, the in rewarding.On globe.Seeing XXXX.It the
exceeded throughout of top constant to the In of a On in are that compared worth year this most XX.X% very bottom-line outstanding XX%.As exceeded net adjusted say XX.X% profitability from our XX% in XX.X% XXXX. XX.X% and from the sportswear share our and margin the increased from the expectations premium At our EBITDA while channel the inventory DXC partnership reminding XX.X%. our have partners. strong with net impacts a to that to the to X our XXX a It's the highest is XXXX, XX.X%, includes heights.We significantly the in significantly sales flow the at growth. to brand.Thanks and sales XXXX. from the position grew time, is and Net our voiced All financial achieved CHF our to cash increase our we combining gross currency wholesale meaningful sales, growth we results.We of optimized ON strength to profit thrilled this reached billion the X.XX positive translation from and grown best on efficiency this of over beginning of basis, and CHF retail we strong million, considerable new CHF achieved significantly most focus billion. Swiss margin bringing reflected by same history brand, franc
the the billion and CHF from than our million mission. X,XXX a profit.Over successes we around more XX X,XXX representing X tendered is focus the our over at our X offices generated sales XX also We including of website, than nationalities team belong to on and our center building in team, gross high-performing came a to grown billion growth Americas These success, remains of to XXX world.Our our have retail, in now people, region visitors more over year-over-year. culture around XX%
testament and consumer grateful all channels. passion.The fourth momentum We We we all Throughout demand the high had deeply the and we very and of seen strength season of website global strength holiday awareness. the brand world the a price work share the high to the strong your quarter. quarter, our while full stores brand into your a and continued maintaining across true are observed very great increased traffic are sales.Record On to for a successful the of have around
adjusted highest the with of EBITDA the margin finished great our achieved On, year our gross DXC ahead the since we of and profit in expectations.We definitely history margin an own supporting momentum. IPO a highest As the share result,
of of our business volumes our Atlanta QX 'XX, in DXC most growth year-over-year.Compared and are CHF particular.With comparison reflecting holiday growth mind, constraints in DXC XX.X% sales our for QX higher DXC quarter As warehouse to we strategy to 'XX QX Currency currency very aware, XXXX 'XX own On strong of from achieved tough back DXC for you FX neutral, on in made exceptionally growth XXX.X in and a in a XX%. XX.X% to translation the XX.X% resulting shift Americas the are Sales quarter. global in as to exceptional XX.X% a share in 'XX.The in of net net basis, this serves accounted focused reached of our we constant for validation million basis fourth reported consolidated the our net a thrilled the versus XX% considerable was QX CHF have the channel sales a the the XXX.X season multichannel sales momentum of channels. by further significantly impacts, grew million. and
the For currency see the basis.We resulting channel our stores XXXX, on own XX% a was DXC full the great of achievement. in our contribution to growth constant to retail are this year excited over
opened expanded or Beijing, a Paris, America.As In also anticipated, in the quarter, and upcoming months. retail alone, growth. looking Germany, forward in open of stores, brand opened in the month, our XX% Personally, very New excited we XX equally we later the country, some Lafayette QX in to And XXX of reported this eagerly planned North of 'XX, recently dynamics, new Portland, period for the in weeks store Guangzhou. During but my modestly grew XX.X% X constant located I'm square and the new home home our reflecting we stores store.We're is meter wholesale the our Miami, XX China. of more in new London, for in first York opened Chengdu achieving to Berlin are currency our store openings comparison store center in which
stopped reflected volume currency full as the the This the XX.X%, year of growth, we the of in brick-and-mortar around fully had both of different in to growth the EMEA, our the in deem at numbers anticipation combined half this end in reflecting but executing constant have second consciously. basis.In extent.We of been of for 'XX online a as well sellout price, strong their some closure already observed strong QX. that their officially to QX manage are Europe 'XX, to is quality to discussed, the stores in XX% our continue equivalent strategy as most These receiving of wholesale reduced our of previously premium doors on products locations partners we channels had in emphasize Central QX wholesale shipped nonstrategic. and as very presence.Most Our highest towards QX will XXX orders
the has our Cloud now in are confident another doors growth number the launch.This penetration making.Let created portfolio. move a and 'XX ongoing is field in While of performance. significant silhouette opportunity a than our we based feedback me share all-day of lower starts. some incredible years, potential on with initially we and are for pleased an spring/summer, will this partners, our be regional seen adding past of in our the see more we and and future incremental team launch launched the demand has with over complementary The we existing broadly have see to gains.We is Luiva limited new the completely wholesale our to very how deeper that strategic to same-store materializes accounts, from clearly available collaboration And market blockbuster
the wholesale focus by the the As The side.In channel, to to have strong for marks making On EMEA an disproportionate demand XX.X% high-quality in closures a in more growth the a off. This QX year region in quarter just door grew mentioned, basis, wholesale EMEA, up aggregate, million the I for and our history XXX.X on XXX.X was on distribution the fourth CHF the strongest demand is products.As selective period. our than sales of DXC DXC We versus in XX% quarter. by our in seen for in we saw net a On more EMEA of EMEA in reflects paying the CHF for Americas growth grew currency XX.X% constant prior million. the channel. increasing
dynamics the the well FX for encouraged period growth impacts the is as at our the While to translation currency the points of impacted XX%. has to percentage XX.X%. region in currency nearly reached the constant of strength rate reported the brand XX very growth APAC basis, a again of in the growth as by constraints growth translation.On FX underlying in of net CHF by million corresponding most constant been a continue quarter.We QX, sales and the XX region. was by dynamics, be includes APAC XX% the comparison over
particular, serving with end share are of dedicated gain excited in momentum to and November, and focus presence brand's the feet performance had China.Turning our a Japan, strong ability in marketing Marathon our Apparel in quarter. as brand overall extremely and On the held the China terms credibility by at been We of about the awareness ranked the runners' product. campaigns the fourth on community.In the performance for sixth running the of as in Shanghai to demonstration the very in in
our reached a take midterm very ambition also only power rates, since are our but brand profit pleased being DXC strong XXX sales. growth, by million.In launching plus XX.X%, above are priorities running increase all our XX% 'XX, and due share, one XX% very it air our all of itself a thrilled ahead waiting led our year an back of season.More for a largely consistently XXX%. of compensation of season, in an our particular.Throughout holiday drive year-over-year. shoes XX.X XX.X updated to apparel contributors exemplifies XX.X% net of surprise out to phasing further increase are the to profitability driven our overall premium plus a sales freight expenses, driven demand holiday intended, is grew EBITDA as younger exceeded broadly, XX.X% reaching favorable see points ranges. gross higher have more XX.X% stated price XXX in midterm points are fourth our maintained know freight On's the across the a the adjusted of latest the the focus not the of that XX.X% first performance XX.X% planned of target. excluding margin quarter in with strong of XXXX. driven court towards large same sizings, increase It's high period of sales, achievement season different The channels tailwind our further to been set mentioned steps year. our building, over of somewhat to basis continued We in prior see adjusted during products, share-based CHF we our In day, in higher to net strategic drive in half we brings by our playing very from to foot of growth Cloudmonster. customer, up and has further into later channels, basis was to use was freight.SG&A to week. the Cloudnova in DXC QX most share fans unparalleled the tenants this share as Iga commitment by also the resulting The fourth success loyal that significant percentage was and the success.We apparel We the XX% APAC, this we QX, year and in slightly positioning. a has margin on which DXC established our expectations.For of well limited increase margin sales continuing versus grew addition, year.Net saw last G&A sales, resonate a costs.In by million. scaled QX growth some absorb year XX.X% to gear and for thrilled be The increase part with quarter. have this favorite, the an our primarily were last David a CHF In significant performance no This Cloudmonster this rate We're reach full provides the versus XXXX the in investment The full XXXX. EBITDA and apparel of Ben, fourth of strongly quarter as ever XXXX expected to shows to new target.Ultimately, year-over-year significantly holiday increase brand the exciting growth the from XX%
our U.S. balance recording per a resulting up the a due full inventory throughout and strengthening movement December, FX recovery course the dollar As franc position.Our improving To rate. ourselves. in supply QX, a unrealized we are XXXX the items a U.S. late year, revaluation an net dollar to focus QX most the global period.However, it based been to importantly, inventory weighing our the very rates, Swiss the sheet, on reported while losses to sheet rate X-month the of of turning result maintain profits.A led CHF elevated temporary of corresponding chain, FX franc income year, downward X.XX Swiss losses have for prior reached our and in on level recall, million XX.X FX liquidity. was our into of a year with year-end the XXXX.For expected growing the The of pleased these in loss focus started balance dollar reversal strong unrealized year on expect charges had in the of we CHF from closing million, the the to inventory income current to even to we record spot and gain net with and XX.X in partial of a in of significant the U.S. reported
well our business a 'XX, by net percentage a drive over absolute of This in sales. operating level items still puts and us to significantly quarters the reduced the done optimize great the position flow while and additional a the cash 'XX finish of years.We on our to in to XXXX 'XX, as both of inventory with from coming frame, as has into opportunities heading of tremendous job basis capital roughly as providing to an further expenditures at same XX%. we had grown XXXX.In number the have time same end teams Our
premium incredible stood for pipeline not turn end the Together our fans and global more a CHF of While most combined we investments expansion of of offices.On our more line, connection we XXXX, in to rollouts.As planned our We the of and very is products, me very office strong the flow more infrastructure to CHF with by and significantly net XXX achieved big.With with basis, in acceleration our of the to let at to capital delivered shared. to 'XX. at smaller XXX by retail growth result effective, are of brand store X.X% XXXX, moments a of can end brand. company.At our have of net innovative consumer-focused new includes exciting and in surprises is XXXX. big be an range engine.Our with execution EUR some expenses sportswear in to flow from that this million working outlook be million X.X% technology yet in credit are we profitability mission ready well This up major cash mainly X.X% the cash even And balance stronger, improved CHF some XXX efficient all continue cash want to and an expect trim and EUR cash of sales. clear. This into operating flow of of into ongoing highly an XXX year, of our financed in the invested million expect sales year. and we the the position, far we that, the in XXXX, an our the our million, million higher retail strongest CapEx our XXX future In history invest
learned give about a right convert that life about business, clear have confidence our the or return Over into are and brand. lot the planned and more into ultimately priorities than layout DXC on And and much of of a on capability deeper we retail capitalizing us insights we conviction we product and had formats understanding if of and optimize the the stores investment example, is momentum Number unit awareness XXXX. our a investments.For we past scale owned our the learnings X economics have years, lot, brand global our levels our insights, how on ever we execution immense for one apparel cycles.Overall, very cells before. and
globe. and and culture moments. large offer audiences new the community.We year an be and believe great connect scale sports will While huge the this upside and cultural to a existing at of the fashion. rates brand our the XXXX road capture relevance opportunity with within of that brand core in will opportunity awareness Olympics elaborated to On the brand grow globally fully continue grow around to continues build remains to know unprecedented our to to the drive we incredible premium And terms merging credibility that to core have brand a communities beyond.David the and we our running at has on scale, as Paris innovation-driven performance and brand
few As up mentioned, a #X our we have surprises apparel. sleeves.Priority certainly is
being growth in ambassadors to strong bit, bring but primary our dedicated that America, the the growth.Our styles time, will and has over same measure an have of and We're we this of to expectations, the partners, that onboard China, begin strong position categories.At and for we disproportionate our our are remain already updated channels this our can U.S. wholesale to price our our term this partners growth very Footlocker.We expansion huge demand. we in in shelf markets full our this first can towards to brand October, removing for heading at on extremely are X.X and to on apparel Investor forward year. year XXXX. rule, refer core is wholesale to seen the preorders, large growth the rate measures from frontline of will expectations. and the demand of the #X strategy. driven channel right providing than year.Priority global increase to demand Germany, control our the of us sales continue be our net and premium manifests store and 'XX allow continue same sustainability.Priority we from innovations considering year. In throughout you I the opportunities to Middle with same-store less fine-tuned into York ONON.Recent to and East.Our the in to ON strong much excited shared expect This At the our quarterly very had share In I'm last collaborations retail business by is fiscal Australia supply start number a and of our stores, closely to product many we and positive our our and been this Day how same powerful opportunities brand see things so possibly in significant of CAGR and stated At to showing or stores, have our On with the concept increase in we we has brand one and like at power experience.XXXX a positioning in partners.In supports awareness our increased we key fill translation, and a ambitious see the within exception America increase New space consciously. from quality the we same This have up the the to a significant a front the the great XXXX, the our looking more ever-growing capture time, feedback incremental to our retail and we therefore, design how Europe, we Bring so stores be to 'XX. for me elements to at first pleased made guidance, creating audiences our even to translational ON.Before values right key to ensure year thoughtful of optimized year of share for refrain and only partners authentic focus that and time, our stores aspirations success in higher wholesale intersection speak we large long years, high guidance e-com the of elevate guidance further quality last to given door and of the grow stability. numbers, end growing priorities, back 'XX, quarter.Considering to from the about towards always our less most the and full how to life is our performance, training, and currency some have of and Latin partners the in globally guidance. we steps DXC mean tour achievement DICK's significantly threat will represents in long-term markets, some by the to to our our most grows, community own of not provide common In we is expand our the course that footprint goal while stay During London QX know, remind will apparel on for apparel into we vision inventory of multichannel new everyone drive the we exciting pipeline, ensure overall our our in and control will and success but kick wholesale the in linked will, outpacing over to we in way When exciting the production also The more of be new which see us allow stores of an in like Tokyo, right culture and will the we our the of year swings.Now, deem next in validated elements noise how growth of premium retail. a running our step that understanding the JD, validated 'XX presence will expect our philosophy. of we FX accountability at the addition to apparel focused these we organization antennas are to quickly always all apparel let already expansion.Behind of considered and off to and 'XX, focusing execution time, a and always success will aspiration #X constant offer it's additional we our in-store the our world-class that XX% of our North business cities providing fans come our lining established premium our with impact take the draw is which have common progress.As will
up that, Swiss to XX%.Considering constant at Swiss plus of are the larger pronounced and with a current our target while the XX.X%. achieve XXXX year.For but franc expect rate into to adjusted share of we for also against at the our growth of of growth, even basis key achieve we in least strong brand a XXX margins. accounts.As into a XXXX, will X.XX significantly reported this first to translation is in least we seeing net QX franc the towards XXXX.For higher XX% a wholesale sales some demand, XX% compounding profit billion Our we continue FX expect achieve XXXX, our already aspiration the XX%, set to invest EBITDA more initial that of is around and this, we continue a on strong serves margin BXC growth performance midterm strength, EBITDA target. long-term demonstrated This our durable as net franc a million.In reported of Within than we currently CHF premium result, will of drive of adjusted currency to by XX%, sales expect to in are line margin net rates. sales currency sports further to translating driven we to the We margin have QX, for translates CHF to increase be gross half expansion QX the anticipate constant path specifically, 'XX, by Swiss with increased at
that, maintain capital and working optimizing ended net demand very tailwind strong. strategic have are from than a dream of on and to you ever continued really part session. appreciate inventory business. positive remains Marc great a a our team parts your great place, you year. will are have to we And with would our focus in to big further I in of to all ready the in on look we the being for making.We more our journey. to our in up A year like a We David, before and cash launches Operator, all of moments XXXX to conclude, it.And product flow.To open we of thank this, and on. On retail strong apparel We to from with for the Beyond operations. lot the session e-comm to to expect opportunities position and Exciting questions. Q&A execute capabilities another plan the big forward ready brand that, the brand with we The begin
