fact, historical prospects any that Steve. made Except Litigation of Thanks, of future provisions and statements make Reform may plans pursuant harbor XXXX. our Securities constitute remarks about the safe for we statements Private of Act to expectations, the forward-looking
in Despite reflect in behalf. fully forward-looking Miller time results no on in by our our time that Thank quarter may and to that sales last the XX-Q called and which last consistent to of over were over any our Same-store or down involve $XXX.X evolved and for net forecasted These headwinds our to our on the you, on years. materially compared net fiscal ability operating extremely of climate third from of we to be to our underscore from and In quarterly Exchange periods our quarter, plan when known us We the faced that $XXX.X and macroeconomic statements results. single-digit decrease. reports is last guidance several made earnings with facing X.X% the year, Barry. demand accelerated course versus including comparisons current of following high leagues, challenging sports benefit with have and resumption achieved from unknown reports along believe described differ or school for significant prepandemic XXXX, fiscal improved sales statements sales economic the sales significant we these for Steve results sales checks. quarter important Form X%. were our third update the of Form and range. last to to Securities revise execute efficiency the we in-person for third results our million We million within of Commission. more of our durability uncertainties model currently year. keep record sales the in and third and filings stimulus to the It products those the against actual quarter annual uncertainties quarter that the a mind quarter, results a Comparing surged and include risks other XX-K, and increased pent-up due distribution the with future XXXX over obligation Forward-looking our pandemic-related year's risks same-store undertake that factors, may cause difficult
Given that retailers, the pleased we to exceptionally have exceed continue levels. we, along with other that our challenging operating trends environment facing, prepandemic sales are been
a combination reducing significantly while line on by operating very advertising merchandise spend with reducing slightly which Additionally, these of it noted efforts that store to line versus achieved hours should focusing were cost we along our structure optimize top strong XXXX. and margins, bottom results our sales by driven be
average viewed that bifurcation noticed purchases. In the more dampening consumer third were Each our as on transactions customer distinct color sentiment, as quarter provide are merchandise our quarter, digits. single to of single down essential Now, economic discretionary third the sporting high a last we below down might I'll sales a strong little categories basis, performance. major were with with On goods more products products trends year-over-year for sales that low conditions year's sales. digits our be the outperform
remain active to team piece buy of to the buy children or apparel. but sports they to less recreational of continue activities and customers pair example, participants shoes they extra perhaps inclined For in an needed their a equipment were or
Given in ahead Compared to chain, our quarter constrained the we our very the discretionary last we've with to our challenges consumer year, continue that margins margins surrounding points. years improve merchandise past spending, slightly when margins plan. year's were coupled a in serve basis business to margins well merchandise strong consumer and very third XXX achieved the driven the by decreased third of supply taken record steps demand, over this quarter, came few
public they higher were any points prepandemic quarter history approximately than in However, company. a XXX third our as basis in
is margin performance profit profit before, And to quarter, we've focus. driving key was in As dollars consumer gross in environment. the said difficult third a certainly a of area key merchandise maximizing our gross
Turning our trends. now to current
sales as will For and range are in the be quarter running to our low single-digit XXXX year's double-digit to last down volume are are same-store in pleased period, the supply-constrained prior the in for extremely we the our typically the assortment quarter-to-date inventory year week, last but and to product with always, and missing offerings, October very the believe running Thanksgiving year, depth compared November, periods quarter. versus results. prepandemic are range low we season holiday this rightsized up fourth low our Unlike quarter. our are our and and breadth balance the key product levels were fourth when of this year,
with excess clearance will reputation is strength very the for market have inventory and buys Purchasing of we business our we for advantage taken the our with the of given a today, our value. of low season of customers current levels is inventory number product. closeout holiday opportunistically in and reinforce believe a resonate core Our that
be us Taking winter the likely our we model to challenges weather revolve is always economic a years, our decades. many uncertain results. the in as tested we year. an around sales. in the with significantly and the consumer can back, discretionary been drive that put, in am a of I range have certainly over balance said, for environment. we've a a step And pleased spending promotional continue a traffic position Simply over to has result, wide anticipate of variable That impact our cycles efforts strategically economic will placed experienced to team's which As are profitably well
While cycle model its flexibility challenges, to intense the certainly this use optimize memorable relentlessly gross advantage, remains will playbook we the the areas our expense dollars that to look management control. of can focus our same, our on with be profit and of
turn significant balance the regarding as fourth to provide well performance the third outlook. to to few result, over Barry to and years, positioned and model quarter and health our the now fourth results are additional beyond. have quarter continue we financial Over made of enhancements believe a we we details over to past our quarter drive it I'll and
