W. Madden
you, Thank morning, and everybody. Amy, good
For year net $XXX.X versus were the quarter. million third in quarter, prior sales the million $XXX.X
XX-week quarter sales the smaller to benefited in the the in as last we would of larger the shift benefit by of week the shift a at $X reminder, by the associated that quarter. the pulled end approximately total week third a was had As calendar dollars million replaced with third quarter. anticipated quarter This the sales year's beginning year in
shift, the prior this to sales count comparison quarter quarter. a to year the addition total the In incorporated sales compared store average decrease X% comparable in for and the decline X% of
by X decrease that in sales NRF approximately Milton conversion, by and The by traffic and impacted partially store Hurricanes comparable declines driven conversion. performance consolidated in increase like-for-like negatively estimate average and by calculated sales was shifting a week, prior points. our ticket on basis in We XXX an consolidated the by basis comparable the calendar e-commerce offset Helene which year is
to floral, the store X% versus the flow down year year fashion. With offsetting hurricanes in down total adjustments of For housewares, from and sales quarter.
Breaking about fragrance to in in some reflecting more the October. price which difficult hurricanes, increased impacted inventory shift quarter we comps that the our impact gift, and the down faster-turning the the the for of increases X.X% the comparison August, the positive X.X%, quarter, XX% E-commerce emphasis Amy in prior discussed. store in perspective, From results the XX% and sales quarter, to reflected our down sales of comparable store in business, holiday, a compared the items. from October point textiles, included sales channel. in year in period, X.X% inclusive down merchandise year-over-year lower prior a base disruption were XX% and of declined saw prior September accounted within our e-commerce in XX.X% our respect
categories lagged the However, Texas North of in saw other higher Southeast. we areas the in and sales Carolina wall due Florida, strong lamps. of performance these to impact offset the mirrors, in storms, of the not and to Geographically furniture, speaking, while declines performance enough ticket art decor, Georgia were increases and
year Gross profit decreased due as of to basis e-commerce quarter closure basis outbound the drivers route, to components prior points rates the year were decreased contributed expenses, of decline our XXX e-commerce year-over-year prior XXX management this compared hub distribution costs, the store Virginia quarter. the to versus freight margin The the were both to sales, year. basis including to increased in Outbound along Winchester, XX.X% change and routes, to buildup Improved shipping sales decrease. points in X.X%, prior prior a the store prior lower X.X% the quarter. primary with compared primarily of compared year. Central by costs later of XXX also The XX.X% to per year of to inventory follows. points the of
costs lower reduction lower rates. e-commerce to delivery due also from parcel parcel the and in contract benefited We revenue
decreased million driven costs decreased was largely sales to the about in advertising the charges compensation corporate decrease the points to activity of million asset goods stock year, increased part XX compared in Operating an $X.X merchandise In the and included loss to million occupancy costs. in in XX to quarter. prior factors by XX.X% The we Partially sales of the the certain a the compared million or in of our reduced XX.X%. was addition costs due was Adjusted particularly to expenses by was which largely was to EBITDA, $X.X versus of the increased freight margin improvements, these and these operating in an transaction, due to that primarily quarter.
Total impairment The certain $XX.X and cost we operating positive year strategic expenses. $X.X latter promotional dollars the $XX.X approximately a store sales, to points increase million in decision pressure year. prior from sales. was last result the of later previously planned. quarter. ship the related and year expenses the quarter of million, merchandise to in prior to than decline quarter. margin margin loss Compared to minimized or The cost in store basis Beyond depreciation And expected period, deleverage basis $X.X experience in costs, overall offsetting to decreased salaries negative XX points to excludes decrease of XX.X%, sales occupancy X.X% of severance basis store decline occupancy merchandise million $X.X XX% during was
was the Excluding loss to I operating million $X.X adjusted EBITDA, reviewed $X year. compared million items last adjusted in
$X.X expense million was Interest year the quarter to levels in higher quarter to compared prior borrowing million, $X.X and interest higher the rates. in due
was loss with in year a Beyond. in During conjunction the million the of related our quarter, million our Net term loan repayment FILO we incurred $X.X to charge million $X.X $X.X with quarter. transaction prior to the of compared
ended incurred the year million loss operating quarter. increase to the due adjusted the to a prior noncore million periods, increase to X.X% quarter at in of we the With the largely our year net with in $X.X $X.X was respect timing. both inventory, compared in million was from balance the Excluding million, quarter. items prior sheet, year-over-year The $XXX $XXX.X end
to costs had the million as the of the under Due to we to the loan, year, revolving of million X credit $XX.X $XX.X issue the at net to quarter, and senior percentage comprised previously discount debt of calendar costs. were of of of and revenues line term issuance convertible and under the $XX was the flow of our the last total related previous future FILO term week under This $X.X credit compared line costs of and of million the prioritized sale strategically loan, shift, net discussed. prior and our season $XX.X also deeper million we Beyond We our a our debt freight into original Kirkland's revolving availability to and container to borrowings quarter. compares end outstanding which million better manage issue end debt inventory of Beyond, loan, to at term senior in
the for seasonal the increase in reflects loss and working of borrowings capital $X.X growth net expenditures in The capital million. quarter,
our continuing difficulty visibility. in guidance not are given of We the forecasting specific providing policy
around to areas. in our provide we key However, do color want some expectations
approximately XX last XX-week to year's reminder, weeks we fiscal that in million last extra This will from calendar compared a year. this First, week fiscal resulted calendar. includes in this benefit $X.X as not revenue year year's
the key impact will a million slower at In quarter.
We've larger addition, this holiday as in $X we the approximately sell-through levels at by beginning of we the are start headwind replaced and in-stock the as week negatively XXrd for in week seen by a in will earlier improve week timing shift QX, resulting associated from smaller the and but to a we be with gifts, the seeing quarter our to a QX end, of are the encouraged such categories furniture expect fall.
been in start driven in the have that similar shift history and holiday by behavior analyzing the We we the season is a retail have build calendar. in XXXX, also consumer time believe year. slower part a we this sales we we the compressed last Using the selling as is calendar had guide, saw which
November. While compressed cautiously overall behavior year, the move changed since has consumer through would quarter. certainly prepandemic we that December optimistic calendar shopping the analysis we remain suggests versus the as benefit Thus, forward that
the the as and see continue to spike added in also to inbound summer factor environment in the we rates through. experienced in QX to goods from promotional some be expect expect We freight the sell we affected margin pressure a
that we amount versus actions took of the pressure the will original However, to limit our expectations. shipments control
to continue and them we to this earlier expect reduction year. took from As manage for tightly continue to expenses, benefit cost we actions operating very the
continue line have our sight our environment of the year, reflected adjusted of can the today business a and that we fourth we for the and in that promotional positive EBITDA are that to aspects unchanged. expectations the priorities believe we we to achieving our results control for control quarter.
With acknowledge intensified, to has continuing we are the said, While as
strong enter profitability drive year-over-year to ability and our in confident under XXXX stronger are footing. We improvement in
potential now long-term our layer have especially the time as to targeted margins with We closing strategic open I look details line we our on in plans through to call believe to to the our forward with over ahead, back for and our achieve calls. we to Beyond, on believe long-term a continue the call Amy? Beyond. before transaction will sharing for questions. accelerate We our opportunity partnership in future we Amy still remarks growth We few turn more guidance. the up the
