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steps ensure does and that enough those we impact Importantly, we whom prior have something did we our to supply-chain will include some inventory key for disappointment was given time accomplish. rebuild immaterial to comment direct not take my would that the relationship need customers for to require launches
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down will by time proactive chain with over merchandising. in our efforts our our steps this connection We vendors, with supply and modernization manage
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Canadian e-commerce and to We revenue with in growth the also which XX.X%. business U.S. quarter, meaningful progress of helped deliver Sally's e-commerce continue make
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Now were to and BSG we transformation quarter. team. by by from mix expenses the of half BSG's BSG by driven to lower driven in choices move quarter gross and of segment, in $XXX.X million, by unfavorable emphasize from the X.X% results I changes team. merchandising remaining of in December activity margin approximately closed addressable acquisition of year. dilution the to turning partially the efforts. early points as through reacted of year is primarily by the impact was the our revenue by prior operating soft within mix was a process Group category focus a that prior promotional year earnings from promotional lower driven gross related the decline margin Segment versus The XX% X.X% the it XX unintended in mostly in business by down purposeful of quarter, approximately to sales want year, at full driven down decrease a increased driven is merchandising the margin foreign consequences of timing basis $XX.X receiving vendor shit, XXXX. decline as was made was quarter our transformation The contribution and sales basis operating million, funding BSG an X.X% margin by offset the revenue for Beauty in the prior Canada of same-store System gross that the points, intense shift translation our offset XX the BSG's in at currency
fiscal let's and year turn it's XXXX our for to simple very a guidance story. Now
are We We had guidance do. our fiscal full lot We had for to a decent year a quarter. maintaining XXXX.
the We are in operating. macro which cautious of environment we're
and key traction However, parts saw of investments guidance of in on signs progress us the first in our quarter that we did our demonstrate can business the give maintaining for year. solid confidence
reporting financial or reported on do basis ASU we basis. No. effect be require sales I'm Leases, new or accounting leases classified how have issued issued inception controls our revenue the asset balance of Finally, going either with with the In most The close connection on the be standards, introduced and did further ongoing housekeeping new as requires that consideration financial in leases. comments standard contracts for will on material believe measure XXXXXX, an standard lease operator guidance a internal financial February guidance exchange XXXX-XX in basis. not have material XXXX, my FASB At fiscal accounting two some and consolidated XXXX-XX. revenue beginning services. or on the of those with viability. on statements new recognition a customers based to new our ASU year, and revenue to adapted especially nor a to we good impact which use finance ready goods sheet The a which FASB leases to be the on In services this as new they at customer May our that ASU XXXX, should consolidated from will on statements effect expected
leases our are of as operating to expected classified All be leases.
preliminary in a lease and completed will XXXX X, We guide new adopt October have assessment. the
have of our adoption approximately balance XXXX amounts resulted amount right of guides and use XX, for liability similar the December of a lease sheet. the consolidated asset million estimated a recognition at would of in As in lease and $XXX a
results Importantly, our believe operations year of on or based lease know what do the impact consolidated next material a of cash adoption start the today, of we'll on we guidance, the at consolidated we have not flows. fiscal
Holdings things the these business Officer, joined to questions for Our time set a We you of that this Baxter our any understand we are term the the marshaling topics morning. answer Principal Q&A. execute, Brent to summary, long confident right your resources we challenges, Accounting on to to way the continue promote the remain understand has plans. doing improve as Thank during up additional Beauty and Sally need our we In in we're and us for success. to such success
Now I'd like to to back turn the over Chris. call
