Thank some everyone. the will I review before from you, morning, the the good financial Stephen, sheet up with balance color first then provide and sales P&L more and finishing highlights commentary. on composition
last year. had This we've in increase sales quarter net biggest to the compared XXXX Net million, for years. in the is million were third sales nearly $XXX.X five year-over-year $XXX.X quarterly
As I Stephen the performance the said, more older each from and downs ups the various declines will which offset I new review including together of products, several discuss sources, of as and came increase category. the sales than product multiple properties, and
products, category. of last point a of strong our performance and XX.X%, percent royalty a and driver of Halloween lower offset sales lower expense including shifting sales. sales, of product function was as product XXX the lower a percentage and a in Frozen Gross than costs are main higher of the The sales continued towards mix the which and margin product in royalties net XX.X% in molds, product was The of closeout lower from of properties of more basis the year. increase up more licensed increase amortization as costs quarter QX tools
basis, to Total by direct net and XX% rose last QX year this the as sales. sales but just the declined to expense but XX% Our of year-over-year sales, percent only net million QX as initiatives. income was declined and expenses tight $XX.X under of result selling slightly QX million in rose a net $XX The on gross on our of year-over-year basis, from a prior X% expenses a SG&A QX of by of year. rose in of management XX% in that margin operating cost-reduction increase in a effect
secured associated QX, payment secured the Oasis costs from the higher $X.X expense last as higher rate, $X.X loan million million amortization and interest term including a kind new Interest a convertible borrowing of up the in and for debt average year, was with with and discount debt and result associated noncash of costs borrowings the notes issuance new term amended in loan.
taxable $XX.X tax diluted million or diluted of levels net QX in income to which approximately The on share tax operate. compared for $X JAKKS' $X the last $X.XX in the the share last or million QX we in attributable XXXX $X.XX income income shareholders was provision third to compared quarter quarter million to The per per provision jurisdictions in for changes taxes income was Reported of year. various based of third is in $XX.X XXXX million in year. of variability
for XXXX the to XXXX drivers million and Up, the $XX.X follows: quarter $XX EBITDA year. the for over of in of products the Play an third Role by The of XX% in quarter in increase quarter an compared the million category XX% last sales million, and comparable Adjusted was of reported to third $XXX.X XXXX increase $XXX.X girls our were XXXX. third category third as activity quarter, amounted quarter Plush Dress Dolls, in of the Sales million of
of as Fancy a offset Incredibles saw were number XX% lines Moana These expected X, X. positive our Vehicles, last to and contributions from brands $XX.X well and million, and XXXX down Frozen the declines Nancy Role Sales properties compared as We $XX.X products several other including our Electronic girls million quarter of as in entertainment boys for and category content-driven Action third Toy Story the lines, Squish-Dee-lish. year. such Figures, Play in
third MorfBoards and Positive of Godzilla ball Nintendo, Blaster our the and partially extreme Wheels products, XXXX. and our in and had products by Maui furniture, were decline declines licensed including MorfBoards seasonal Maui including contributions in outdoor furniture, brands, our XX% from by Potter. products. Incredibles power outdoor offset Harry quarter, were million and which up than sales, million $XX.X nice a from Fly our XXXX offset kids a brand ball activity tents, Sales pits, $XX.X own and in quarter more X with We other Ride-Ons, were kids in TP pits
quarter Sales of $XX.X including XX% third in XXXX to sales and which third Toy Halloween licensed to continued business million increase is various by category, our also of the segments one compared XXXX perform XXXX. Story. Frozen in was the in and quarter in led properties, $XX.X The X in million to our well increased
the in and million Tiger's more comparable preschool plush our the year. of and figures, to Sales Declines the Gigantosaurus activity of $X compared baby My games last Daniel third doll category in offset and were million game our sales than Finger in in Pull $X.X quarter quarter. the quarter in Neighborhood accessories, XXXX
million, we XXXX, Tsum breakdown sales and strong the up sales category largely U.S. already sales X% primarily $XX.X segment. for in and Frozen year, the Halloween Looking Tsum X XXXX million driven sales by XXXX at and X. with $XXX.X Incredibles to the mentioned $XX.X quarter in million And million, $XXX.X compared Frozen Canada third Squish-Dee-lish X, quarter compared up of XX% for were third net business of Moana, Disguise. were offsetting in declines last sales to by International earlier.
Net net capital. for of provided changes cash in quarter provided XXXX XXXX by $XX activities cash the in operating operating improved to by to third million third the of was million due activities working results operating compared quarter and $XX.X of
nine million operations well the first $XX.X the the months provided was net cash period $X.X in year. same last million, above For of XXXX, provided by
compared in in the million to third quarter. third was $XX.X XXXX flow cash Free quarter $X.X the XXXX million
XX, totaled of cash due XX, compared quarter. as XXXX, and to including million last XXXX, and The in operating cash additional $XX increase September restricted last September quarter of primarily our to was cash, cash $XX.X inflows borrowings. million from equivalents, $XX.X and cash As million
XXXX of days of was DSIs in in compared XX Inventory, reported versus was of XX million XXXX. in $XX.X XX were quarter. million in days of September as September third days to XXXX, Accounts as $XX.X as quarter the XXXX with XXXX XX, XX, third XX, third the third XXXX improved receivable XXXX, XX down $XXX.X September from quarter million, the $XXX.X as the days XX, from September quarter. DSOs million XXXX.
secured issued the of prior extended to principal outstanding million June the convertible holders convertible credit debt million company's of $X term issued million to Wells the loan on September XXXX; consists of As due certain XXXX, in notes Fargo. June and notes notes in recently $XX.X due of XXXX; convertible with due million of due amount XXXX, of facility $X.X of $XXX.X XX, company's Oasis;
third August on The third $X.X full The quarter term per average share American of convertible from in calculation plus third consists quarter loan quarter is in to XXXX based outstanding notes, in the XX.X for of of Great with connection shares $X Capital expenditures effect million earnings with to X.X related diluted million on weighted shares the common XX.X the XXXX. million transaction. plus awards. a compared of million dilutive the X during shares, prepaid XX.X was recapitalization the million outstanding, were of million stock-based which
The included the with on notes, of recapitalization associated interest of million the convertible notes convertible EPS $XX.X diluted million numerator transaction. to of related adjustments $XX.X loss add-back including associated with and the the an extinguishment the other calculation
for like would expectations Before XXXX. over I pass Stephen, call I to discuss remainder our the back the to of
by that X% grow or We estimate continue give increase to X%. X% million, sales or year-over-year in approximately to net XXXX will $XXX or our take
in quarter. came or the the expected. quarter same we have of and Our such as More we XXXX gross in the experience less, we third fourth not not thus experienced half issues far of margins in margin seen did pressures level first that year, gross the
of year EBITDA believe of a end we will for adjusted low of continues that continue roughly XXXX EBITDA possible $XX range to this our a an result, over our show last to roughly of be with million. a the end believe number year top outcomes of significant adjusted improvement year the million that As and $XX estimate prior
EBITDA pertain no accuracy, significant currently be stock-based to including and Adjusted acquisition-related excludes reasonable are future therefore, costs can compensation not provided. which degree expense, events with and nonrecurring and a restructuring many estimatable of GAAP reconciliation items, to of amounts noncash charges,
And call the back Stephen? over Stephen. to with that, I turn will
