comparable positive Consolidated period a in ticket Net for quarter the store to XXX we prior which stores, traffic gain Mike. new stores In quarter X.X% ending and despite of year, closed continued and X, stores, during the compared the conversions X%. and increased sales revenue. same XX XX mortar weather or X% you, XX% average quarter. is We see which increased our stores significant impact. opened Thank approximately in net with the brick sales increase e-commerce year-over-year offset to a a included the higher first negative
open total QX about of of This increase in million compared each our new in QX. for revenue are increases to during XX With $XX.X E-commerce outperforming driven ship and QX the new sales, third-party that XX with of in a accounted approximately XXXX. XXXX in generated initiative few fiscal accounting to of XX% roughly a drop to was of revenue. in revenue the stores an traffic additional combination months A conversion. our quarter, those e-commerce We half for only of are of by QX half projecting in website and XX% stores XXXX expectations.
points QX year Moving prior margin profit margins. from on Gross XX decreased basis in the to XX.X%. to
to reminder, a related distribution and and periods prior assets. adjusted been both to have center depreciation include current the store As
deleveraged damages higher shipping, from strategic XX points XX margin the a to an margin as from costs costs include increased includes a basis basis of percent percentage was the freight. Merchandise a components. of central XX as and of increased largely at to prior points margin basis of And IMU cost more e-commerce pressure driven merchandise XX%. e-commerce as compared percent by and costs, which sales, well the as freight shrink, activity, sales. the benefit promotional deleveraged margin finally, X year freight. to Product Looking in which Merchandise Outbound quarter. continued sales direct points a which points Store distribution year inbound product to inbound penetration. net as prior basis occupancy offset increase
for which to had adjusted prior the Moving sales. to Operating relatively year corporate Store expenses was of prior quarter first down quarter to $X.X XX.X% million operating for quarter. last Year-over-year, expenses. of XXX relatively to EBITDA expense $XXX,XXX basis reduction Depreciation in $X.X approximately for a was flat CEO the year. operating points to of transition salaries remained year in on sales, excluding expenses stock as which store as to as The CEO costs, from remained approximately for decreased percent and a credits. points XXX of points tax and sales. expense. basis getting primarily a $XXX,XXX, sales $X.X an due transition included percent increase benefit us amortization benefit corporate charges, basis the hurricane XXX leveraged the or the million we a year-over-year, flat of million employment E-commerce was and the million percent e-commerce $X expenses compensation
compared prior compared rate in to discrete and loss this We included loss the quarter for is was the adjusting of the changes or primarily period. the XX.X% ended Tax year of The year $X.XX of XX.X% loss $X.XX the charges, lower that's a for quarter CEO rate due XXXX the net that's a to to in prior of pretax Excluding transition item, and the and flat XXXX. in Jobs the quarter. Act in with tax
million long-term credit. the total at end sheet additional last is Inventories year-over-year to statement. the or of since flow was improve which revolving of outstanding an the hand in this QX first we in half and over quarter, have of of of of had XXXX. We some we of QX with will end year, cash And debt so our year-over-year in million, Most increase to line year. on growth increase to to to work cash improvement borrowings the the approximately are no due continue sales performance the timing impacts. $XX.X happy the balance profitability At and under or first moving were the XX% our $XX.X
expenditures and increased operating inventory $X.X prior just capital. million for performance XXXX Year-to-date $X store per QX year the changes compared cash compared prior our reflects in X% quarter. over Our in used million, were which operations to working fiscal to Capital in was million the year. $XX.X
to expenditures million, investments. to and and similar supply XX% e-commerce, annual year. improvements $XX.X existing other remainder Of and the chain stores expect related store to the prior the capital We system new
During cost of approximately million an at which cost the share first quarter, average To-date, under at repurchased our authorization, shares we average an leaves current just XXX,XXX XXX,XXX available. repurchase repurchased have of $X.XX we $X.XX. $X shares under
provided earnings of share XXXX $X.XX includes per charges. on and are the March inclusive of the XXXX, annual We transition our which range diluted outlook to reaffirming in $X.XX that's CEO XX,
favorable adjustments in adjustments outlook, related We results included continue capitalize exception in to prior the $X.XX lease included the second XXXX each shrink a adjustment we expect improvement of of -- quarter fiscal relative extra charges. to favorable expect with to to of quarter favorable month an primarily year. to onetime QX our the XXXX which of to and earnings QX, Related
adjustments, those Thank prior quarter are ready And of in we line questions. second the results. XXXX for now we year be roughly Excluding to expect you. with
