everyone. David. Good morning, you, Thank
store Adjusted margin by basis by results with XXXX a or EBIT strong shifted a basis. We quarter operating are extremely fiscal on kick-off points. robust comparable X.X% increase pleased driven expanded XX sales to first
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and operations strong XXXX. new new real strength including stores store new of open in XX our in We’re the on the performance sites. half the track net to testament ability is of The of estate the first to find XX to XXXX, of in first a eight our open year versus and attractive XX stores to continuous only half teams’
highlights. to Moving category
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continue the August to less continued the that old we in repurchased end values vibrancy XXX assortment I million inventory to common stock to am quarter, which last This is year had our first we and the of in to teams than merchant XX was approximately with approved quarter XXX,XXX million. change that are great evident is We At the pleased that for our also see quarter. remaining $XX XXX of with continue inventory days was in of we value authorization at in end bring amazing we to the the no on shareholders first stores deliver as than of million during our shares freshness clearly the share received metric, marketplace XXXX. repurchase our higher at the for customers. our the that thrilled we meaningfully of our
optimizing to store operating store sales focusing on continue long-term expanding, our growth, modernizing Now and which you update on strategic let increasing and be driving priorities, our fleet, our comparable me margins.
strategies store initiatives particular and driving experience and we to of assortments to off-price remain regard businesses, the growth, the underlying improving are existing underpenetrated our we building enhancing continuing our both customers marketing on store customers. our focus engage with First, for improve to ensure model new our as our comparable continue sales execution with on to
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gift a the our largest outperformed potential our well Missy average apparel, Day quarter. Ladies’ beauty element of sales addition, opportunity of sportswear, penetration of remains a the XX% the as In XX% goal. driver. significant an below which portion penetration key strategy apparel important remains first ladies’ was chain our Valentine’s remains in
the quarter, and trend focus call. we discussed again fourth in to categories better sportswear as the continue standout our well. quarter sales once While said, business improving on were active in heritage our accelerated we those businesses moderate That on
second opportunity. a SVP focus the in the business year half to in of this to capitalize and second the order necessary penetration adding ladies’ We’re the apparel in on bring for
add of the our to to continue quality We base. vendor
and in availability very into attractive penetration highlighted into of first terms XXXX strong. our similar grow brands vendor the the quarter approximately underdeveloped best and our We call, categories over The we characterize enjoyed we’ve product on continued of increases we number we’ve businesses. that time relationships, expand and expand brands. to XXXX meaningful X,XXX a momentum in added carry very remains the expect environment and while approximately of As less would deepen XXXX brands in we edited increase as fourth buying mix as X,XXX to number better and new out as new quarter
On brand recall. to mobile strong social the sentiment marketing we personalized them, front, Also, ways marketing our are successful in most customers to customer media. TV relevant testimonial and with been digital, content in campaign generated the efforts we has the that able pleased our most have positive ongoing including to deliver matter where of results
previously, our years. prior be will mentioned dollar to marketing spend comparable As
significant made continues experience digital key So where store Improving a we we to us shift our in store will into initiative fleet. media. continue to be XXXX modernizing for incrementally our progress
pace gross pace A in accelerating stores Burlington, is from remodeling last in while our new versus Jersey. the our we XX are XX We a strong of headquarters opened store XX year, the great in of experience example improved store the only March new few stores. miles with XXXX continuing New
in New store. and visit would new this York areas, For those exciting the of you who metropolitan I encourage live to Philadelphia you
plan stores in to square continues feet. averaging be fleet. store XXXX our growth net second to XX The to We expanding initiative new XX XX,XXX open
quarter. at We national Puerto XXX the yet of we retailer XX only the plus in states Rico, stores operates that are first operated a end
store you we store selection XXXX, of great performance and gives more driving to that been comfortably strategic which is analysis we before, so could been the tool, the many heard close refreshed potential developed three can last over the new X,XXX over process potential locations over stores C of our believe model. able reach in EBIT X,XXX time, foundation years, C years identify our integral even versus us point locations strategy that that get end our stores. developed and which the of us sales to and our we our using At we’ve we were to the goal three of underwriting new We time. As updated strong we ago. At point have confidence XXX has
by in of of This combined similar brand to increasing XXX new years, XXXX gross and our we store have brand net XXXX, While XXXX translate are new store stores XX XX the stores. just in our the two In number stores standard acceleration of we number in combined, stores. with openings openings will of stores number the is increased by XXXX remodels standard. new another will to
majority of store would openings out current significant years, brand to expect a we and be five the remodels, Looking new standard. at of our our stores rate in
priority, also We to on our our margin. third increase focused continuing growth remain operating
last per points, our of XX approximately by year. Over years, margins points five average operating we XXX an basis expanded the basis
which peers this continue we believe pleased XXX to point we we progress, very margin with versus are XXX-basis continue believe a to we our can operating close. we While to gap have
Going and remaining costs, over increasing with will culture to same forward, leverage that the continue SG&A have optimizing we strategies total disciplined maintaining five all inventory sales markdowns, management execute years; we last fixed deployed active across areas. an profit improvement the to
comments over CapEx the OpEx want some quarter in Before in I to reinforce are Marc, to we approach expansion We business call in investments are of turn good made balance some we the while making last margin. the continuing about to operating deliver investments XXXX. feel our and I incremental to very we incremental taking about
we an spend our growth, million, infrastructure $XXX back Number another model million and new continue annual cash CapEx remodels, to which to chain, XX business give of include XX.X deploying Our will drive are spend sales in stores, associates. company’s substantial of growth supply which and XXXX one, XX highest XX in our flow over to million stores our renovations improve Number our generates to prior of headquarters. our standard top confident remain the we corporate approach in seven for wages years at complete hourly added XXXX well point similar the our of stores XX $XX in wages Year-to-date, fiscal to investing we XXXX. to this our ahead million increases. brand in three of on two, have of incremental
well first are to turnover in about year to one continue employee and made merchandizing SVPs Among approach. headcount job our recent three, increasing this the team as this our feel this strategy XX% statistics and hourly our by We good narrowing additional continue EVP are on Number open team validate further two our additions we have merchandizing to XXXX. believe second way quarter team. we contributions to already specialization flat medical scope straight performance. employer increased four, employee we our the the in pleased increasing business taking believe balanced in our the margins are to costs of Overall, and we keep a evident we have to we to costs while which our are was approach investments simultaneously with operating year. expanding for the Number
and like detail. first quarter to performance turn to updated in Now, over our review financial to I’d the outlook call more Marc
