Thank afternoon, you, Satish, good everyone. and
quarter second of our within quarter challenged, sequential the still with prior results spaces. while relative reviewed, strength quarter reflect compared Satish to improvement As another ongoing custom
sales year. By net retail XX.X%, consolidated to business space comp a by last categories, sales for of $XXX.X X,XXX a comp compared comp net to XX.X% decrease points.
Custom store The XX.X% inclusive store $XXX.X driven the by negatively year impacted is $XXX.X XX.X% sales decreased sales million. store million second decrease the were and segment, which general Store basis the basis decreased store decrease For to XX in the comp impacted sales quarter, in negatively compared decline million, merchandise by of year-over-year sales our Container primarily points. prior X.X%
demand QX, year-over-year a QX. benefit It this year, demand comp in $XX.X million trend referenced our the When between comps delta operational quarter looking saw were basis XXX for of increased largely timing orders demand while delivered from modest custom last operational in delivered X.X% representing unearned have from we were sales represent X.X% at spaces to an The sales. this comp but total metric comps shift evidenced the same GAAP on result of TCS from versus to stores a delivered of a a metric. spaces is since net for are customers.
Sales noncomparable we points. year-over-year improvement operational reminder, this up has space custom and million sales in a reported placed a As revenue as reported the from been custom not to $XX.X standpoint, store by year and orders a placed basis
the channel decreased $X.X year. second is net compared to the of our than million our Elfa second third-party sales QX TCS points XX of which last XX.X% online compared year. curbside QX, For X.X% of XX.X% XXXX, XX.X% website-generated of fiscal in sales quarter quarter basis XX.X% to fiscal XXXX. decreased which higher Website-generated in of represented net last decreased pickup, sales includes sales, total a year-over-year. And
to XX.X% points QX of million last year. or Excluding year. increased XXX to primarily QX customers. QX tailwinds. a basis last year, due increased points in to compared net compared segment, decreased sales margin Consolidated of decreased to million Elfa a Nordic gross dollars price to increases to margin our currency XX.X% last last SG&A to to in primarily by decreased this due foreign and X.X% in $XXX.X gross year-over-year, offset for third-party the year, unfavorable decreased XXX consolidated to mix translation, sales to TCS markets.
From compared partially million Elfa decline basis $X.X due XX.X% in freight profitability compared promotional margin $XXX.X standpoint, the basis gross activity impact primarily By XXX year, points
of identified in of second lower which professional of expenses, The due related impairment to sales the increased to fiscal recorded a second $X.X points alternatives we increased store Also for with XXXX. and basis spend underperforming year-over-year and quarter, fiscal of associated as As net second due closure the fiscal marketing SG&A a a other recorded is employee costs legal strategic incurred related of in fees quarter, primarily to the quarter $X.X million in second well as review to retention XXXX. XXX store XX.X%. had been XXXX.
In one the cost asset the million long-lived and sales, fixed is increase in we percentage deleverage quarter to primarily which
year-over-year second million Our quarter net in the compared increased $X.X is XXXX of primarily the last million to the second the X.X% to on effective XX.X% tax as impact per The basis The interest rates during million second quarter tax increase to the million facility in $XX.X year. year's related higher a in $X.XX of revolving was interest QX. per the $XX.X expense of term $XX.X $X.XX The on in borrowings was our to compared of in last quarter or $X share of XXXX, last $X.XX $X.X diluted items effective quarter higher compared quarter due quarter income second on for effective GAAP the million credit negative.
Net tax compared rate loss year-over-year net was the GAAP a the or year. per second adjusted fiscal which primarily loss to for of and negative the rate share to increase loan on second of in of pretax year. discrete rate or net drove fiscal a $X.XX was Adjusted to quarter million per share or share. loss as loss last net the
year Our adjusted QX quarter EBITDA to the compared year. in decreased million $XX $X.X last second to in this million
our ended in revolving liquidity, credit million balance cash, $XX.X total the facilities $XX.X total sheet. of availability debt with million and on million. $XXX including We in Turning to quarter our
due As have to know, softening and demand faced sensitivity you challenges our financial price affecting we performance. increased
and with the expenses which our alternatives leverage on refinancing credit our to strategic all facilities, as ability in of to term addition a In incurred placed our comply of pressure part significant the ratio have facility. our of covenant loan review of
waive the the communicated, previously senior of things. for month, consolidated earlier this second leverage ratio to term amended XXXX, our we secured fiscal quarter of among As facility other loan covenant testing
of In fiscal our matures addition, under of factors, XX-Q the these language XXXX. for our the In the revolving we second outstanding addition going the $XX quarter, Form of in credit year. quarter in facility of concern end light which X see you at had million will
our lenders believe consummate reflects the inventory primarily versus with our actively current the or are fiscal situation.
We these units year-over-year driven categories. were of half $XX.X TCS fiscal of down XXXX the in and XX% transaction Beyond, refinance is in fewer quarter lower compared tightly was last effort expenditures with collaborating of costs inventory million the on-hand first million freight And and half which environment we the the approximately amend XXXX. inventory Capital decline second equity unit We quarter in and with result inventory. on the facilities of merchandise year-over-year a basis, to ended down in by general XX% $XX consolidated held first concerted improve inventory to a investment financial would manage year. The to
spend of capital $XX As fiscal million we a plan reminder, XXXX. million to to in $XX approximately
continuing this store, are stores second during our and We've We quarter opened prioritize year. the one XXXX. closed investments in store to of technology fiscal one
the to monitor close to decision cash was XXXX. not ends the open and it it to our in more productivity $X.X of Chicago company's store $XX.X fiscal first first best of in XXXX, the when in Chicago the stores XXXX plan million XXXX. renew flow February in million Free Loop.
We of we and the lease used stores the half half made the interest For of versus fiscal South of have new decided our strategic closely was X and remainder in fiscal
As noted last Satish which financial the seen to Elfa respect challenging press time. to comparison in to QX, guidance this business. improvement successful are steps With sequential anniversary in we as said, largely believe we due from the to taking a we're reviewed, right merchandise. benefited sale. stabilize release, providing the not at difficult year, And general have we our to we That start period continued see the very that have to
are for the controlling our operator now position to the questions. remarks. for the the work to turn business begin to it continue diligently we Q&A aspects over to We aim of prepared concludes success.
This session control can to company and I'll the long-term
