Good start in our Andrew. for thank Thank discuss and CFO, us. Jim our will financial everyone, evening, you, joining financial Haran, I’ll more detail. operating results you After and with highlights. our that
our We in with as top-line wholesale basis, last and businesses. a revenues and period apparel are growth pleased year-to-date of total from our total on year. to same report was in revenue quarter increase and compared XX% by continued grew jewelry XXXX the in delivered third we e-commerce driven a This the that in XX% XXXX, increase
we the that quarter. inventory year. approximately This of shifting were and primarily gross $XXX,XXX to from below for million our of QX. was earnings, finish timing profit admittedly for the and profit gross Our revenue resulted for to somewhat $X due however, of on shipments bottom-line QX the expectations approximately track strong Thus, in remain
as as are across company distribution, to expansion and seeking an Now opportunities both company, for that technology-based on acquisition. transitioned of our potential have we well refocusing we advanced new from organically operating channels licensing through a all of growth
businesses, overall synergistic currently are brand platform complementary are and are actively our portfolio our both opportunities with of existing distribution pursuing operating and our believe operating which strategic potential to our We new brand and and acquisitions to brands we strategy. and
distribution by Now, let’s take channel. a at business closer our look
to television our successful QVC. Mizrahi collaboration well, which Balance interactive brand, in business on Our with perform New a continues XXXX Isaac includes especially
to on brand although line channel, Our operating this able jewelry to in be continue revenue. we we planned the with continues in QVC. have Judith manage macro to And been business our this Ripka headwinds business expenses see in in some
In our continue strong with wholesale and their products. execution performance our apparel business, merchandising starting souring design, the our of team
We accounts. are our and seeing wholesale expansion increased sales, in improved margins
the under developed designed Our and full first and XXXX collections platform. new team are fully our collection
increased and positive head towards the strong feedback industry growth from future as And sales have the expect XXXX. received QX collections. on new We we we in
preemptively product and previously reserving As the potential Washington, been of have allowance our fall an majority as tariff XXXX, sourced in discussions as for China tariff. starting outside reported, we of the focused on well
believe While faces we that well advanced increased situation. to through whole the a manage are we industry the compression, planning tariff margin positioned as
should is impact Italy. and that produced no I note our is on business, which tariff there Thailand in jewelry primarily
campaign, Judith and our e-commerce our this marketing to strong Ripka Finally, growth. which about later launches continues wholesale holiday show I’m week. excited business
making. integrated to implemented platform fully in advance technology have smarter, decision efficiency jewelry the to our more our technology leveraging of informed vision business and We drive
and have is to The on we to in XXXX. market bringing products us buying we more to to in are order drive fully decisions and design provides inventory risk. this extremely for process source efficiently, demand hope operational enables us exciting minimize our This read with and a
XX Isaac and Mizrahi brand Sesame retrospect As out collections Also, we original first in apparel Isaac launched designs partnerships, years week. the at sold brand we September. of its reproductions Macy’s. of celebrating in includes featured previously launched collaboration collection design our QX, our Mizrahi The which Isaac of during Street Target and with our from mentioned, Mizrahi a
The great start. is new infant, products. children and toddler, preschool off adult collections program to feature born, a The
our launched Isaac Mizrahi Balance we business with for New a QVC. collaboration on Finally,
inception, lifetime rights over brand the its Hilco. Since Longaberger was billion. On achieved of November in XXXX heritage to founded the in Longaberger Dresden, has collectible $XX and acquired is company a total brand home XX, the we venture joint with an in Longaberger by Ohio family. American the that sales
original believe be ubiquitous will commerce primarily one hosted sales synergistic with the social sales the with companies strategy. company’s our parties generated brand the consultants. independent model by the and business sales XXX,XXX home Longaberger of was to We
In independent leverage Longaberger will fact, new to QVC us consultants. QVC leverage to the sales of on tonight family on technologies available brand the and launch will we that plan
Separately, during of third the quarter, we potential business. acquisition cost a incurred have connection the with in
overall operating We continue synergistic to of strategic brands opportunities are portfolio and strategy. complementary and and to our are seek platform, that our to existing our
we our to shop. they our conclusion, old through our reach channel forms that can in In everywhere we all positioned establish have so presence of customers distribution, ourselves approach,
strong more than are potential ever growth we business believe complete as that a through positioned growth balance sheet, for both Now, with we the operational transition organic of our well acquisition. and as
our to Jim Now, I’d the turn quarter. to Jim? financial over the for call results like to review
