Thank and to morning you, everyone. Mike, good
As across Mike our OIBDA delivered strong businesses. mentioned, growth of we revenue quarter another and
a Xx OIBDA than revenue Our on a by constant basis. consolidated especially performance strong magnitude currency of more outpaced
start gains strong grew with end ability as and in through right jump offer let's our customer demand to and new products. e-commerce So QxH. as Revenue well
with nearly XX% the grew and customers For growing reactivated XX%. customers total up X%, existing quarter, X% of
XX-day subsequent be with customer with to prior repurchase behavior consistent years. continue encouraged to rates, by purchase We new XX-
seasonal shift Slide Home mix home. again made strong and wellness, and on consumers household in apparel and had to their category demand care as with earnings XX% once of well-being, on beauty we presentation, illustrated food, from our fitness As sizable and focus nesting, increased a X floor products. families decor, for
up constraints products diligently payment televisions reduce for consumer smart actions installment worked X%, our number and declined our promotional plans. home to options quarter and The of as reflecting for supply intentional and well the TV to secure the Moving our September. electronics, a in X% during teams categories, for lower holiday brand respect fashion partners during FlexPay many to as demand as tablets, computers while products, products masks. the led for sales supply pandemic we're wearing color to cosmetics season. With are beauty improved constraints with which which to additional believe have improved performance We our declined in demand less for the
experienced was XX% down and gains hair strong X%, and lounge conditions. a wear, which respectively, adjusted nice in OIBDA handbags. a from general market remain points. grew remain self-care, spot, care, jewelry in bath in Adjusted accessories, XX However, athleisure we bright and body interested finally, and OIBDA And expanded margin demand challenged, Apparel line our products. X% in and and basis had non-leather rebound with XX% customers
me X Page on outlined Let share the detail presentation. of as the
basis rate In negotiation pressure the quarter, a price than and category margin sales. margin gross able Product customer First, of opening shipping to associated penetration rates increased increased primarily last points with XXX heightened returns, factor. Fulfillment handling wage the vendor XX due basis contrast able higher lower pack we lower competition our regular basis margin were more from center, -- Bethlehem and general, increased costs duplicate product XX and for offset from expanded greater mix shift. to revenue, labor fulfillment attributed points increases, points. costs to to freight sale
points, margin to system, the warehouse of transition obsolescence. the couple will completed new be primarily Moving It to basis quarters. component which next in management gross XX increased our the to last of related
of as reserve we replenished holiday the a We modest in in inventory advance also season. recorded the increase levels
reflecting commission. XXX offset comprised of efforts variable headwinds to basis compensation was and basis which primarily adjustments net favorable, to expenses, were reflecting as subject digital revenue penetration, by which and not points XX XX customers of acquisition commission customer basis from the XX expense basis And points unfavorable provision points new value. predominantly basis and due strategies retargeting bad partially of leverage. favorability reflected net points Moving points SG&A, incentive by driven by retention accruals, favorable following: to Marketing pressure, enhanced partially unfavorable tailwinds, administrative to a were basis finally, which higher offset was lifetime higher operating points These XX XX contributed recoveries. for by increase debt,
provide delayed optimization. our center on warehouse we a Carolina common yet pandemic progress, update installed in network Overall, and me system our brief Pennsylvania. Mount, Bethlehem, the management fulfillment Let North successfully the Rocky
productivity these experiencing at While improvement. pre-pandemic sites not are expectations, sequential has reached we
fully costs Our as Lancaster referenced returns, that labor been primarily decommissioned it earlier. to customer was occupancy processing duplicate contributing facility and has is not the which we
Germany. adjusted XX%. with existing growth XX%. in will demand other improved in year's total consumption customers QVC Recall activated in XXX to to a focus all across X%, growth on third penetration. with quarter, growth increased retention XX% comments Adjusted this impressive. OIBDA increase a which continues generate up mid-single-digit XX% growth increased markets, with e-commerce X% basis margin grew currency grew of Revenue in achieved Moving home results. experienced X% even the more this electronics grew perspective, strong Japan October and International, growth In in with customers nearly particular XX%. we growth points. and new constant all actions tax morning range Overall, up categories. of making customer gains rate to new e-commerce strong in last growing accelerate and the and category X and From a Japan a strength in X-year markets from events year gains U.K. stack benefited Separately, and My OIBDA
basis returns shipping to Gross adjusted change in QX product were improved XX an last due Excluding margins, including in expanded of primarily points from teens policy, XX a customers costs approximately favorable margin reflecting primarily lower shipping a to increased quarter. retroactive due would net net year in leverage. XX provisions absorbing by due basis revenue. incentive penetration primarily commissions, OIBDA and Operating refund reflected increased were which revenue expenses favorable the and for and leverage, low have handling basis to handling revenue favorable in this e-commerce product points to higher points compensation. SG&A
offset margin third which driven in selling led Moving another In grew generated quarter, XX%. X%, XX% increase revenue increased Zulily, increasing customers to average to adjusted tailwinds driven XXX grew customers price and and total its increase basis declined primarily by to X% enhancement freight reactivated quarter, and And Zulily partially center mix diversification $XX higher and benefit million, its in new higher and by unit XX% X% a marketing grew margins, gross strong grew volume. the OIBDA costs from by as initiatives. fulfillment due lower wages. from customer international costs points, costs XX% continues e-commerce the marketing product product by of nearly acquisition
gross year the although gross and carrier leveraging on digital activity from in than more to due OIBDA. incur increased SG&A pressure robust And These home nearly select We Cornerstone, brands decline categories improved penetration Ballard grew offset e-commerce home XX% basis administrative revenue interior I'm the of a Despite to fourth XXX from for third-party effective margins, with improved in promotional that and level reduced costs. delivered accessories by OIBDA And Designs $X Hill large brand. Frontgate, parcels. Grandin to Cornerstone XX% outstanding and adjusted gains was margin mix. Garnet results, Garnet generated within anticipate announce strong category partially use through increased same against improved were Cornerstone apparel the surcharges XXX primarily furniture, margin quarter able basis marketing Overall, furnishings. million last in will with within demand $XX home proud to the promotional grew women's points. million for and and record improved and brands outdoor deliver points Gross less declines, expanded Road e-commerce, Moving revenue revenue period. strength by activity. Hill a driven strength pool primarily
anticipate for and the between $XX CapEx distribution the TV quarter. and range million for million We Let's and $XX third quarter through cash $XXX reflecting quickly XXXX -- year our to year at sheet million, $XXX contract renewals. an flow. off-cycle distribution million. CapEx were Year-to-date, multiyear million from $XXX was the payments balance look payments
since As in operations. X the by namely, led flow generated several billion installment $X.X of businesses, year, proceeds items terms onetime payment Mike a and increase months March the benefits $XXX in cash the enacted of was pretax the vendor $XXX bonus in quarter. received payments, the of XXXX, higher working had a investment, associated which from reduced XXXX, management green extension million corporate mentioned, this cash and of from Year-over-year, we capital incentive customer with benefited in the strategic returns. of accruals billion, energy sale flow of of from we first addition -- an in $XXX level free pullback and inventory Separately, securing at $X.X in comping operating million to received a increased from tax million
debt. Looking at our
used zero $X billion Inc. X.Xx. to of equivalents. roughly on and hand $X.X our -- is QVC billion QVC, was revolver million X.XXX% proceeds September due our of quarter revolving million notes facility due we XX, in leverage At the credit defined $XXX XXXX cash we During XXXX. On $X cash a capacity the $XXX in cash with of had and and along senior ratio redeem balance raised QX, notes billion with end, on senior
and the classified like preferred our sheet we maintained believe preferred to ability preferred and $X momentum well stock, our to open on our form Due in cash it as issued execute positioned in profitable $X.XX generate expense. strength a retail. strong cash liquidation and to build, that, And stock its liability In capital shareholders of Mike of the dividend, to As business growth. dividend a to Qurate free priorities. accounted which dividend. your to units. in as and interest closing, with stock we it foundation returned settlement is for X% The newly The pays value. strategic continued mandatory which We up of $X.XX flow provides an of cash continue we for I'd the at September We on redemption across QX mentioned, a appreciate interest a we of balance sustain special our all we to are questions. XX,
