or the XXXX, than prior quarter first our of quarter. million quarter for first sales last comparable pre-pandemic the of million was Net Mark. $XX below $XX.X fiscal year XX.X% the first $XXX.X million Thanks, comparable quarter lower and
expected quarter's towards levels, our of the Mark quarter to that earlier. lower call, as mainly sales last in in were XXXX XX% came covered shipped due inventory and estimate. year be earnings Total noted we lowest the at we below of of roughly full the year we an units total fiscal XX% to end to correction, As the QX
in quarter were than promotions levels. XXXX; fiscal discipline in resulted the XX% XXXX during even ASPs that higher Additionally, approximately fiscal above in current and handguns,
to gross this of fiscal below was the prior XXXX XX.X% margin but in of the in quarter the spite equal quarter which of of comparable led first the sales. realized year well first All lower to quarter, XX.X%, in
than all better as such gross a last by expenses, from prior less advertising of year's points associated as across revenue. X.X positions, nearly legal was increased in fees the relocation the sales slightly have The XX.X%, sales-related in compensation-related primarily a quarter, co-op and XXXX than gross combination margin prior volumes costs, however, percentage operating margin temporary comparable due Net lower decrease XX% Excluding high reflecting to quarter, reduced adjustments. we partially costs product and primarily due reductions in were decreased temporarily approximately Offsetting with lines; our been driven $X.X $X.X year absorption were unfavorable costs offset to compared in professional decreased sales lower quarter by these million the relocation, employee-related of million with and and expenses. associated million as and compensation costs income due to result the year for of net favorable unsold comparable expenses quarter cost by to valuation as freight $XX.X inventory employee lower first first well relocation. with believe reduced offset the costs lower the relocation. margin, of vacancies due $XX.X to Operating fixed cost volume production million would and
of operating sales, than higher fiscal interest higher of expenses in of spite QX XXXX. but However, of in lower million more $X.XX $X.XX but income gross from million XXXX. to offset of on in earnings due profit quarter $X.X first quarter XXXX, per $X.XX million first $X.XX XXXX, per to of lower quarter $X.XX first when year was from last in by fiscal dollars. earnings $X.XX $XX.X of compared EBITDA and GAAP was we lower $XX share share represented down the XX.X% down was the reported sales. the Non-GAAP in net this quarter was fiscal than
our cash spending, resulting replenishment During $X.X million in the spent with new million given net and free facility in and $XX.X planned of used was our from This in consistent generated increased of Tennessee. capital cash on the $X.X million. spending quarter, our in operations expectations, we construction inventory
$XX relocation, for expect in generation the next of to remainder free continue ample the negative of our throughout million. generate the We to meet we'll annual year cash invest the least we as cash quarter cash target but at
return As capital relocation development, significantly, of increasing are systems maintain allocation including finally, a time. our And debt, replacement, the dividends repurchases in our business, form priorities and recently no to capital over reminder, Tennessee. to invest repair new and our most in order, in information and our product technology stockholders and share
be cash our Consistent October of cash current forecast, with strategy, to has payment on allocation our quarterly activities that X. focused record be dividend on XXXX $X.XX our our to fiscal paid Board be Given to business. will XX, primarily we capital investment expect with our in our authorized on stockholders made September
Looking the to And decline, increase Mark a forward approximately quarter, with distributor hover in firearm model pleased as to in to XX.X August we at are second demand to XX more the revenue order normal appears continue see due units inventory noted, an weeks. the to distribution continues returned lower rates. weeks have market to to at although past it seasonal
varies of the target on average factors. time at is weeks Of distribution, of mix other given seasonality, eight many and number while that experience course, inventory based any at our us tells weeks our
to demand and for good for fiscal continue that provides believe XXXX our modeling calendar framework seasonality XXXX. We a
to noted, heading volume expect QX the pick nicely to quarter lowest the consumers summer back and and QX As our range. have we think to about to as been begin up ends expect
expect than seen shipped. rate that historically total faster We to XX% grow of represent it approximately at XX% our so still a QX units will will QX year that over
Given in associated what to the our ongoing with inflationary Tennessee, change we recruitment pressures QX. significant from we expect don't margins in and experienced a gross and costs relocation
QX XX% expect vacant expenses However, XX% activities by over begin and operating we relocate increases, revenue as to to as Tennessee levels. our to increase replenish and positions to we our
the tax is effective rate analysts? operator, be expected to please to from With our approximately open that, can XX%. we call our questions Finally,
