Some of you are the big fans of designer brands. No matter how expensive the items are, you don't really mind with it as long as you feel comfy and confident while wearing them. Well, looking for branded items at shoe stores could be tiring and time consuming, right? The only way, namely, the most practical way, to hunt for so many brands is by using the Internet.
This Annual Report includes forward looking statements within the meaning of the Securities Exchange Act of 1934 (the Act These statements are based on management beliefs and assumptions, and on information currently available to management. Forward looking statements include the information concerning possible or assumed future results of operations of the Company set forth under the heading Discussion and Analysis of Financial Condition and Results of Operations. Forward looking statements also include mcm bags uk statements in which words such as or similar expressions are used..
Our net revenue has increased approximately 15% over the prior year to just over $155 million during the quarter. As a reminder, we closed on the acquisition of the majority of the GSK brands in February 1 last year, so we're beginning to comp the results. We realized very strong sales growth and share gains in our core OTC brands during the quarter, with growth of over 9% during the quarter.
We conducted our audits in accordance with auditing standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis mcm backpack replica, evidence supporting the amounts and disclosures in the financial statements.
We are pleased with the results for the quarter, however, we also have a number of markets that need improvement. And frankly, being very candid as I've had one on one talks with many of you over the years, our experience suggests that this is likely to be the case always as we move forward, that with so many markets, there is likely to be disruption somewhere in the world at any given moment. I think what's most important is the results of the blended portfolio and being able to meet progress and not only sales but profits.
So, as you can see, even though every stage in the process is different, the same exact keyphrase could be used to search the Net for information. Create your site to accommodate every step in the buying process. Don't assume that mcm online shop just because someone typed your keywords into a search engine they are automatically ready to buy..