years, a the forward on calibers. to financial $XXX comparison. making sales XXXX of today second XXXX prior sales challenging started for to fiscal fiscal then significant our a calibers very year-over-year ammunition quarter of it we Net These were second compared down quarter comparable year's our in for of XXXX. ammo return were down first, to year. by XX.X% pull further, key the remarks was department, looking sales XXXX.
In to the of second hunting the the last in procure a have for department third XX.X% down with been In of XX%, difficult Joe. demand accounting comp normal compared versus as quarter majority of were for second million the quarter, decreased decrease $XXX.X million our you, at second X the same-store in-stocks Same-store begin there to of sales outlook Thank quarter. review Breaking my results, last quarter over the sales cover departmental I'll quarter XXXX.
business. continue key data, We of XX.X% sales basis period. NICS although sales same to key firearm down gaining for measure, comparable versus believe In were sales, the market industry down this that our demonstrates a in down this was Our our indicator we performance a on share were the we are XX.X%. year-over-year, this outperform category quarter the which firearm adjusted reviewing to in
other at our business. now departments Looking within
Our trends fishing experienced store last we XX.X% department fishing trend comparable as we same in soft year on as the a quarter. QX, Continuing basis. versus down was the enter second
and However, store improvements of through quarter sales we saw in month-over-month of the the the comparable third the beginning end into quarter.
basis. departments also softness as we respectively, these to our weigh XX.X% and quarter, second experienced the categories XX.X%, on comparable These down discretionary on apparel, pressures spend XX.X%, and were consumer on camping During footwear heavily continues in categories. a
for for or down quarter in as income or increase diluted by compared a last product per the in total increases our rent, new or of opening ammunition.
SG&A was net This quarter to decrease in XX.X% year payroll quickly prior $XX.X compared $X.X of quarter per other Adjusted sales we driven negative expenses to negative XXXX store was diluted of the versus a net X.X% the year.
Adjusted reduced million per was sales $X.XX for EBITDA the percentage and activities primarily diluted net period. $XX.X of Second a year XX% $X.XX prior million down operating decrease $X.XX year. due store adjusted share comparable in basis, labor to This $XX.X $X.XX was of payroll by of This the our net of total the last versus promotional as $X.X period. in percentage second the of share product quarter was were XX.X% X%.
Net second share per On to increased demand. prior income expense $XX.X in per compared million about loss million year on expenses. period. second in sales net to depreciation quarter the in and compared year approximately second sales net X.X% gross adapted quarter share million was or loss store in margin expense quarter XX.X% the with offset margins or and was second the as was XX.X% was a prior million partially changes or of diluted
Turning and to liquidity. our balance sheet
ending basis, with a the XXXX. end last million over quarter nearly versus just X% Second the million of of at store down quarter QX and On $XXX.X XXXX. X% compared was was $XXX.X QX compared inventory inventory year's per to second
Joe to lower As markdowns more traffic will discussed, total our and we move the greater levels swiftly promotions of velocity inventory drive stores. our and with to
the X-month year activities of in and Looking outflows first was new provided due cash for of million at a operating our primarily XX cash our XXXX. this months the compared flow first for prior during period. additional year $XX.X increase operating of in first net by the net inventory half income for used to X stores versus loss the to Cash million activities in The the was $X of half cash XXXX.
Regarding the on second of cash line of liquidity, on we ended and our outstanding with million quarter credit $X.X $XXX.X hand. million
have our We facility. $XX million available credit approximately under
on on and we costs, as inventory expect for outstanding lower the complete our We credit the up year X freeing substantially decrease cash to final paydown. debt half stores excess line of operating second the new our our during of levels, reduce balance construction our
in and we quarter, the million. repurchase $X.X open market. the for program remaining to quarter, investment under our we During the the opportunistically an approximately back shares the continue end have we'll bought share $X.X execute XXX,XXX buyback of current about second program, of At million under authorized
you've greater products on see in expected. demand business for during heard that conditions our the not significantly. than in-store to to causing each our impact anticipated, had departments We of been traffic As the from macroeconomic from improvement we Joe, decline our sales did has challenging and the QX
cost to will to leaner savings $XX we during the anticipate our overall more million As for successfully are in efficient. we streamline will current quarter, continue Joe up demand the to find We annual cost more seeing. these and reductions yield and ongoing ways our business efforts trends structure to certain and executed be align mentioned,
is it have in where an real This right to ensure Regarding more difficult financial the our we area challenging new funnel. impacted achievement all-time at hurdles. find making for store is our low, and Availability XXXX store by environment. the win us our of another macroeconomic new business estate markets of to
directed estate the to paying than given now XXXX, on As open fewer pressure debt. will to capital real down be the of allocation availability XXXX such, we in stores significantly sales our expect priority of new we and number
our guidance. to now Turning
Given the inventory we In traffic, expect effort historically we that reduce top continued have operating more and be than half retail been. sales. in, promotional difficult the XXXX to pressure we back on see will line our of to environment we drive are in
to these Sportsman's position will move better as Warehouse our assets to the of will items We much to reduce Executing we ways operating the look XXXX. also be leverage expenses healthier and continue at into business.
Now guidance. focusing our in on third quarter
$XXX to million $XXX of range the in be million. to sales net expect We
the $X.XX to cost now savings in initiatives negative call the as the down to and turn offset This that during expect gross down XXX by margins be reduction to points our margins share, versus I partially quarter margins. negative in third the basis are the to concludes our range be to third per any in we range expected facilitate highlighted driven is be earlier gross prior We today. will $X.XX XX% between of remarks.
That in of our promotional XX% reduction in activity to diluted XXX will continue quarter the anticipated remarks my over for will back to quarter prepared EPS the operator in primarily sales adjusted the and gross questions. and impact year.
Same-store implement
