quarter good today and third morning, Thank our you, results. discuss appreciate XXXX Drew, everyone. us joining We to you
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the sales Ginger bottle and and same cans. by Ale year-ago to last work sales weeks to compared ending for October year-to-date X weeks compared from XX% transition to October have for X lower bottles XX% year-to-date offset XXX% as increased X, periods XX% the Beer ending Ginger periods, to X, sales grew year. we the the can
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Mule. Ginger Foods national Reed's In our Ginger August, and our for from Classic promotional first alcohol Ale our launched and Hard received showcasing we ever Ale Hard authorization Whole
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enable customers our During purchase October, we fan-favorite to to store restructured access Shopify work efficiently. our products online and
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REITs expansion are overseas We for distribution EU further as positioning partners. we evaluate additional
interim as the continue I late company finance team. update forward CFO we working for her her role role into a the appointed separate stepped a has finance Tinnelly of as as Chief as In execute ideal as will be on interim the and accounting has our key candidate Financial thrilled all And team. XXXX executive are well in accepted Officer look initiatives. October, her our that both as the our private basis. and her X we and quick experience companies occasions. and permanent she and we with in on team, CFO our officially growth lead public has profitability throughout joined A Joann Reed's. Joann makes to on tenure member to execution and to Her of She
a challenges net $XX fourth $XX inventory we our positive inventory XXXX quarter. XXXX cash turn increase million range the our million now as Given and in utilize year-to-date, faced sales to and flow cash between to revising guidance in expect for we to are the
expense our reductions guidance profitability of to the year. for expect EBITDA we operating realizing $X However, maintain our of exceed million modified and
I savings As over mentioned the we million see full additional save $X for opportunities and year. to expect still earlier, now
of anticipate that for inventory of XXXX in modifying result a as year. Additionally, the adjustments impact we our valuation ingredients, onetime quarter beverage gross packaging the margin of fourth the will certain use
XXXX. we noncash gross these XX% for surpassing expect to adjustments, Excluding continue accounting margin
more Joann to the Before over detail. wrapping the closing quarter in up financial highlights our cover for Joann, will you. remarks,
