an Barry. along report you, start Thank We're earnings third pleased quarter. exceptional performance to quarter second to with our an outstanding
order implemented the to distancing In temporary were we half safety quarter heavily the serve new and many was of customers stores markets, first second we continue through in our and safely. our essential closures, recognized store our widespread Although successfully social and protocols the pandemic of the with developed to impacted by as managed COVID-XX disruption.
past were period, reopened, with on XX.X% half trajectory XX.X%. for July and accelerated stores which sales has fiscal this up gained the sales In same quarter, second our our up Sunday. store back business our third the our ended traction same-store we quarter, As of the over tremendous sales
strong now position. in and our balance Our which healthy reflected cash recent sheet, debt zero very has is performance a
are on further in quarterly As dividend, result our which we cash a reinstating his remark. Barry comment
on quarter a Now then third moments I'll second to our provide to quarter and date. color some our on take results few touch
reported, for were fiscal quarter previously $XXX.X XXXX XXXX net the compared increase XXXX. of decreased XXXX. for fiscal for second net X.X% the fiscal quarter sales for quarter million As second sales of $XXX second the Same-store quarter compared to million second sales of of a to the X.X% fiscal
quarter the margins key with the Our the mix merchandise second versus points in promotional period May June. gain. margin prior of drivers and strong a the margin year performance shift increased were in in activity product XXX basis and reduction Favorable
temporary closures second year-over-year customer As offset but was due the a nearly decrease average result this store of in we to sale. substantial increase transactions in a a by significant experienced the our COVID-XX, quarter, in
than performance product our second categories more XX%. heavily the to sales due significant Our shift as product the Same-store apparel COVID-XX. demand for store skewed decreased each closures category well by for footwear as and in quarter by was
pandemic in moment. a category on for goods as teens sales hard However, certain in our products, elaborate in I the drove hard low will the which increased goods demand
or four impacts associated closed terms stores temporary the new the civil activity, quarter not unrest. store any for and by In did impacted of that open the than were we stores stores other with any pandemic
appropriate shopping of subject stores reopened second to for been of quarter, social COVID-XX in-store the and that closed the end with reduced have protocols hours. distancing to due operating As temporarily had all
our the to by last a in second third with store incurred reopened closed year. Late damage reopen with stores quarter. that civil early period Pasadena renovation extended extended Additionally, the had three of for reopened connection fire unrest did store the had following for the California experienced four end in due that quarter fourth quarter, been an in we closures
XXX stores. store order due one California operating currently State mall are stores temporarily We with closed to indoor recent impacting a of
year, store, anticipate prior additional which permanently full decided one pandemic. to close currently had we the we COVID-XX closing to For the
Now to our experienced the date. third quarter I'll to speak we've trends that during
mentioned, broad-based of the saw The our fiscal geographic I product the As accelerated markets. the up categories back our XX.X%. same-store has and with we has our momentum business our strength the are quarter that experiencing over July across in quarter of many sales second been during throughout half we third
in For our positively which July of we excess period, fiscal sales operate XX%. in in the comped states of XX each
encouraged underlying retail by are particularly the metrics fundamental trends. We our sales
seen we've number by transaction well year-over-year driven in ticket average average by a average an in as period, increase size. of higher and retail. basket The a sales current the as higher number items being increases the of higher the For in is meaningful transactions each unit both
the versus Big customers that over adjust convenience, noteworthy to July value their and easy challenges It fewer resulting out attracting advertising. operating our principles of COVID-XX these as while and easy margins fiscal years, the seeking pandemic. adapt experience is are X today more service, our fundamental in relevant reduced Our convenience generating people of have in, a the have they trying selection, than are we and been prior XXX operating from to never stores XX perhaps safe, excess is with that homes. shopping merchandise are stores believe that We The hours to basis results new substantially year. for close points with increased guided
find stores more safely Our emphasis our help and and customer service looking on protocols they new for. safety quickly are the products customers shop
that given delivering are a throughout and in built important customers to success for has recent continued facing is resonate at to particularly many reputation perhaps that now with financial our compelling and product value reputation our most COVID-XX right long-standing markets price the pandemic, have our challenges points so We the selection.
consumers. to product situated today's is to well Our assortment appeal
our inventory in team our significant categories. demand worked product buying unfolded, experienced vendors pandemic closely consumer secure quickly in shifts As to recognized key the with and
opportunistic impacted People customers current ways the social by in has and and in flexibility seeking active mix pandemic. new of experience our well responding consistent norms. distancing the Our needs to healthy, the with the us of product buys served stay to are
locally a home such impacted sports, pandemic. travel the with As suspension they also time ways broad support fitness and and trends in and offsetting vacations impacted other activities, we outdoor being recreation has recreate categories and plans strength by and particularly to have play and home seeking These as customers are at people products. are as individual more Partially positive clubs seasons of spending result, family help softness are been as products increasingly seen replaced sales, which gyms them especially school at in looking league home, and to incredible our by for our of and health these reduced outdoors. are activities. have negatively widespread selection to people attracted been With team
sales As of represent business. we meaningful remainder of our approach portion and the the would third normally sports team a back-to-school quarter,
that demand mentioned. those in a more likely categories very weak year, straight just will that Although other the up categories be than for this in with make I weakness we expect
the demand. stores has tremendous remain grateful One it robust find in distribute and team up challenges but optimally across the of our The X day for to in key our of Big the us of our markets. retail We incredibly to this navigate throughout categories the pandemic contributions help to the to entire months a point. is keeping some supply our recent disruptions very inventory been challenges pandemic chain, hard team consumer working biggest has caused in every with
most we of As efforts senior recognize awarding previously bonuses announced, executives. associates month our other than recognition we special this these to by earlier
We have such are so dedicated to team. fortunate a
uncertainties we are that trajectory can excited the impact of about the quickly, business. we future change Although the we recognize pandemic the ongoing and our conditions surrounding know of current
and Looking forward, improved are believe position operationally both a in business vastly financially. we is
customers new few the months, mix. our product Over past and enhanced we've engaged
that information rationalization that cost and the we of benefit occurring have second the believe and implemented our by down I our helped us going but forward. position, term, debt the about We our in and opportunities the have from the sector. And additional cash turn short some condition to financial aspects it overall ongoing in paying over that competitive are about we which third quarters. well arise to certainly positioned measures will sustainable now be detail increasing of could strength Barry more provide and from is retail to reduction
