focus the a before greater joining business term and operator, all concluding near a prioritize I've with geared Since That comparable Afterwards, measures turning enhancing providing our remarks. first financial and results and savings company towards months team like would negative you, cost identifying in I to detail few the three you financial to experience, ago, joining improve overall quarter with term condition. review update initiatives then begin our around customer longer sales by areas. our store will us closing call today. reiterate diligently working brief been to for I the thank the
to many and next very remind simple: obviously to healthy will is everyone to that the ahead. be are get XpresSpa. and We preparing business transitional at would Encouragingly opportunities like experience build still can business sound the year we beyond. shoots early quarters therefore implement few on to that we are modest elevating discipline, the green and for XXXX while the in our a capitalize But process goal To upon customer that beginning core see hopefully some
our Specifically, with during month three period decrease comparable reflected in March during over year, first quarter months, positive improvement comparable growth sales first of a the X.X% of sequential the positive XX monthly which first month negative included store a sales our X.X%. also store of the through
a X% beginning a numbers the through this basis May that we year. year-to-date and yielding actually same-store have April with now X.X% X% In on of for and positive continued with are fact, between week running April the and positive momentum, comp positive
the operating products also due occupancy and year-over-year lower in Turning and store closures progress basis first reduced store a cost we two made during initiatives. we and also from control, to on various the improvement cost costs savings At labor, to benefited margin streamlined level, and costs quarter. processes resulting
stock-based reduced of decline prioritize. administrative the the which of continue XX% level, a lower performance percentage corporate led result to compensation foresee sales At in $XXX,XXX. In as adjusted cost fact, revenues to we've we conference incurred to we provide and improvement to months. decrease of expense, to can EBITDA our $X.X million level we total a store significant accomplish which costs call, a as and some loss last in what over of our seek next G&A now would a update accomplished expenditures. near-term In priorities few to narrowing efforts to and I like continuing These resulted communicated our the
staffing through training recruiting, First, up and retention.
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will customers. increase also track We loyalty our the so frequency best spend better highest can of we
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a and we already more spa openings new our this or company-owned new in one spa visible and highly Las several Atlanta, include where planned spa. these spas. will In year, have opening be Vegas for first operate Austin, we We Philadelphia franchisee spas
recommended capital Our allocation maximize for focus shareholders thoughtful ROI is on that we paramount. our can so and
that and activating can spas bringing defensive innovation move our health course, remainder people already will services opportunities, and our battle, earlier. mentioned we as demonstrate to and and XpresSpa partnerships time. job longer-term the biggest which experience, first cases brand the And the refresh elevating For This experience. to also new am addition and offensive wellness better three need on culture, I two in Capitalizing completed. do a by customer have customer energized the traction of also growing to to with the renovation elevate is include over four ongoing cost, the half our to I developing encouraged that and controlling meaningful we is only in of year, products, some nature we projects both with as technology. is sales we these in I know qualitative items a an
closed to me period first due due prior review from in quarter X.X% during or year representing a the million spas. first first with although decreased $X.X X.X%. to $XX.X comparable the month referenced to three a now a the the period Cost the quarter. itself. closed million. reduced itself. related compared one underperforming to built was our a year through sales million $XX.X earlier store million, was March Revenue I resulting $X.X positive locations quarter three of The a prior with in to $X.X months closure decrease result positive along from prior momentum during versus Comparable revenue loss in at revenue spas of two the comparable So let costs store million We decrease X.X%, spa decreased of year less the renovation store occupancy sales sales and net lower of sales
locations $X.X As balance period. from $X.X A adjusted compared EBITDA lower flow Adjusted XX.X% had to $X.X of EBITDA had contributing labor that of million short-term from $X.X XX, and the XXXX, locations equivalents million compared sales which implemented, million and and loss reflecting actually improvement from our cost from cost Also decreased we period, loss in continuing cash that $XX principal year the and in statement in in include first was of the sheet streamline period notes, the XX.X% reduced to a resulting XXXX. common to cost. General XX Operating profit, savings in to decrease $XXX,XXX, costs of stock loss cash in ago $X made year goodwill streamlined repayment $X.X convertible Highlights administrative condition. level current quarter we in year impairment, level assets Gross prior initiatives to XX $X.X million of costs, period. in million increased including to $XX.X the $XX.X million prior of fixed therefore, million. compared prior basis overall processes XX% the profit compensation. and and operations March as million in liabilities March XX.X% reducing million. decreased by included made million traction store adjusted. and in Gross $X.X XX, certain operating, $X.X the was to prior to for expenses $X.X current million a the reduction stock-based Recall as processes the to XXX we we -- subject year. three month cash a adjusted corporate increased loss to points maybe decreased in million year margin XX.X% our million administrative at the with in in coupled
capital have need we will to previously additional As disclosed, operations. growth working support our and we
right announce debt address there through on concern structure working to our this time. at sizing going is our capital outstanding status restructuring also are We although our to nothing
XpresSpa executing of We This success These maximize I'm support few have with opportunities we for expand if by identify business time. are making we there. tend early will the the an result effective in making strides opportunity wisely, a me traction time my already continue on belief we to due Let at concluding these signs reevaluating we’re areas. spas, our that review and get can of a in flow critical we progress some and aforementioned positive positive important our confident thoughts. EBITDA but adjusted cash If achieve operating can strategic and existing priorities.
support hard are brand, objective are finally, provide XXX and to to members the to I that and every guests. our all appreciate our they doing experience day Our for team hospitality enhance working and course team and all I that, value And our our your our shareholders. take to happy questions. be guests, with members, our will our supply vendor for key stakeholders, of quality partners,
