and morning, everyone. you, Cody Thank good
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balance clearance build as quarters. apparent magnitude the the the of you'll preparing the this next quarter, in as So our a for two on result inventory inventory see of the numbers sheet for isn't
and on our our today, about last position sitting in inventory planned which call. are currently We peak for we had spoken
reiterate we at turned benefit pace our our most topic faster of amongst of of expected. sold want the to majority that our holiday to position. liquidity our shareholders, relates This quarter However, concern after our to another will than start has inventory harvest in and through fourth had I really directly show a this And inventory.
As expected, peak the tap of our August. harvest bring merchandise similar inventory to the holiday of continue we and sitting position, our seasons to credit borrowings we for revolving and at the line in we're to believe
And and are later I into business. put believe sheet managing this better balance we maximize of the generate every cash liquidity in begin to appropriately will we dollar on. our we're want value a coming But we of prudently operating down inventory to mind. two quarters, the next the top balance I'll to in expenses reiterate to the as in taking details position that our let remain into we start Nicole pay addition drive to further ensure these flow to steps However, working.
Looking to the remainder of the year.
holiday seasons third on The were better with fourth to move strongest quarters and as inventory our customer harvest drive in demand. We our hand way sell. these historically seasons into a our much last are sales shopping than we year and position quarters
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continue encouraging are margin sales Same X% our improve only a to We an landed rate. basis we've down on XXX And being August point basis. QX seen see improvement on beginning from year-over-year with to store results. approximately during
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result, see I'd across normalized discount categories. more a As rates expect to all
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in our demand. good managing eye From keeping to we in believe we're management position. promotional we operational perspective, an or cost vigilant a remain drive levers close So on and remaining
various for CFO. new and an Mike having our and extensive excellent path senior our stabilizing executive industry Kirkland's. in candidate served We roles previously to have Madden We leadership down experience at Mike our force be in as of transformation. and in business part our the brings a believe finance found will Mike an continue organization, strategic for we our efforts integral be
that expenses, we've this consumer to incremental into in we've the expect experienced savings, the our transformation to Kirkland's managing rising quarters. Overall, the our storm strategy footprint, Home lost. weathered past has we're current have feel looking right very we turning coming several and chain despite to done implement, operational the in we've evaluate While work on spending forward come transformation and still continue store over executing more initiatives retailer. a since prudently of Premier I we're we committed our not Furnishings supply on been getting size, costs The corporate cost cost embarking slowdown quarters, and our own, to our and and likely the will front can to structure the Home like worst
a and to continue mix, option. and it value performance on have outlook. committed firmly direct towards the the over to and preserve our company vision find Nicole With that, Strain in-home for turn sourcing, commentary CFO to maximizing detailed provide now improved platform, drive our We continued will second to COO, through we and product better our now We shareholders. who quarter our creating in our delivery omni-channel of stand success we I'll
to on this of chapter. we her you thank best role quarter, be for earlier Home, nothing what moving closures. but her you've wish Nicole, embarks us at in and the able for all of company, proud Kirkland’s on at will been everything From As to together we she want accomplish from announced next we've the done here as I'm the Kirkland’s. Nicole
