XXth. Thank thank for results of and operations ended nine quarter today. you, for our Ian. released morning, we This Good everyone, and September morning us you the joining months
month of for we Additionally, reflecting October the sales Halloween. retail reported our
results. full-year guidance We also updated incorporate to these provided
go-forward preliminary and the followed its’ Brad of Weston retail of a group for performance Party CEO nine our and retail results. discuss our discussion retail and I to will overview of invite operating brief improve model. third with plan, our our President thoughts business our the then around October Halloween I and to months, will financial by begin our quarter,
some Mike discuss guidance around your Correale to then our adjusted the will will the for and provide questions. which revenue assist financial interpreting earnings following results full-year review up several call open bridges in additional color detail, results, the we financial and
quarter and October sales For earnings revenue third the disappointing. results were
many spoke previous As tailwinds the did expected in fully I our of materialize. call, of not
helium the For both the the to continued negative and of shortages wholesale retail quarter, the impacts we experience segments. in
a and including consolidated basis, point minus headwind. X.X% sales currency helium X.X%, comparable ahead On results for XXX constant the revenue were decreased quarter basis store total
X% increased related juvenile as direct as well comp the month our bips consolidated nine XX total points. basis the balloon business the birthday of in on constant such other and softness impact decline period, of categories, the with the revenues the form candy. helium includes currency and For This of inclusive headwind XXX impact as indirect of
by these balloon the consumer as million also into anagram party quarter decline of the helium million $XX On product side, balloons a global cubby our was dollars adversely [ph] for saw business for third metallic affected and demand year-to-date, $X.X sales year-over-year and challenges. in
began quarter, that headwinds important these is existed have fourth in since nearly the It have XXX% however for operations resolving helium helium to we XX approached note position, stock that the months. retail
Amazon spot bio-line; up digital business, bright third a comped we including sales pick months sales Total respectively. our was saw including as XX% and the business quarter e-commerce Marketplace. continued in and up Our in-store, XX.X% the momentum during the nine digital for quarter on
and liquidation continue to of a exceed the total recapture XX a closed reserves had of remain closed sales initiative. stores provide Today, to we XXth, scheduled the XX our -- store September be expectations under of As optimization adequate. rates
XX XX constant product in basis points basis franchisee the increased impact for the quarter acquisitions adjusting and for consumer of months. X the after currency sales points Total for
the X.X% our decreased and acquisitions, wholesale the North Excluding balloons consumer increased revenues quarter American of as metallic products franchisee nine well for months. of as impact X.X% the impact for the
The the Party Australia, Internationally, perform in continued uncertainty group. Europe franchisee quarter presented the to economic Halloween the challenges generally the to and strong existing surrounding for and reflects by plan businesses the sales lower City the decline U.K. weak Mexico, primarily despite dollar, the Brexit. on conditions,
declined the constant in as our X.X% grow balloon these quarter, and presence currency markets. the helium the For points international Gross XX.X% our costs for of reflecting to business. the continue of the helium business quarter to on increased XXX we basis margins higher in impact
through store optimization to aggressive related have which inventory, of and flow impact in promotions the capitalized freight Inventory and program. final mix excess unfavorable The our of reserves been distribution costs, price everyday he presents financial of bridge. Michael grow proved show increase traffic, to store store ultimately the designed when of comp sales, which will inputs seasonal and foot product, these the unsuccessful. components
decline on season of of X.X% comp decline October quarter, with sales a season, comp October to third the the for Halloween X.X% Moving selling and expectations, a Overall, Halloween. sales. products of brand and total was holiday in below
in Retail they of Halloween retail sales expected This reported results. the this year Federation billion to $X.X line billion. with from industry our $X decline that result analysis generally approximately to broader is The X.X% National
year-over-year years past $X.X season been there where as the from to of Halloween have irrespective has the the been XX billion, billion a number have grown retail there week. day decline of a years, of Over $X for sales
expected tailwinds the I In while position, sales the early mentioned, Halloween in season stock exceptionally particular, retail in Halloween selling only the season. for produced minor increases materialize. the of several in revenues better As
demand theaters since licensed this products Generally year. with as associated were realized. driving in boost expected portfolio until we wasn’t year-over-year such Frozen anticipated There consumer as much the properties King. awareness, not movie and later XXs was not Lion strong for a Additionally as
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business that to play and including of online. heavily which in costume buy online, the business, has is and reflects was pickup, up analysis skewed out this big shifted digital into more early of costumes, in towards our saw We store own fact the Our October. in XX.X% season
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advantage. a to provide Clearly, our pickup consumer in-store ability strong to is the online very
analyze that are to there shifts fundamental suggests occurring work as as it we these two initial relates results, Our Halloween.
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stores XX% previously in operations, the online it and to revenues Halloween on category, average, announced Canadian as our to transaction. reflected the adult softness declined impact Tire relates respect penetration, the of our With City and the the
On the assets our to Corporation. Canadian transaction Canada Party and City October Xst, to closed business Tire of sell subsidiary we the
of that the replace quarter, sales. we As entered with transaction agreement, the we that XX-year into anticipate which through with we substantially consumer supply over will in last egg this sold in product the Tire, retailer course growth the discussed was Canadian we have
City with approximately supply CAD Party’s we XXXX from pay double result our agreement, this Canadian transaction associated used a intent by of Tire and growth. of acquired $XXX revenues benefit as directly to has to the communicated will their October. business Canadian of in The the were debt proceeds net down
in earlier, October at XXX% retail mentioned I essentially As in level. to source position returned stock a store our helium operations
XX% a posted we of in balloon result, a increase for the over sales. comp As month
categories as We birthday saw especially improvement an in also everyday result.
a approximately would [ph] lift represents sales City wholesale well. Anigham’s XX% few there we months Party and anticipate over the next of as
all which again with face business customers will party third over XXXX, Anigham’s world will of are challenges see be to after into continue once the flushed helium. Some indications
level, comps to retail the anticipate to we helium availability full November, in return full December. lift results to At a of positive a provide
On quarter, scheduled topic during the of effect which to go the prepare tariffs were for to continued tariffs December we on proposed XXth. the into
own of countries items Mexico. We out in resource China some other as well to into operations continue as our
Additionally, well without compromising remove as we quality. from to are redesigning products costs products the
with of us many to are exchange vendors also that RMB receiving discussions share from lower in have been the Chinese our savings We with rates. they
of to are pass carefully tariffs. we we finally, points impact where retail price the all see our of can And reviewing along
offset well the as announced our we our quarter Our impact. and With year tariff our outlook have as respect lowered reflects helping full mitigation the efforts shortfalls outlook, guidance. of Halloween all a impact are as soft to that the the third of result season, tariffs
provide are and on impacted at flow the and the headwinds distribution both greater in retail that ones expenses. to and freight at of this XXXX all results, temporary, most the our including In financial review with revisions. through clarity access a have underlying more including the of significant of impact shortages, bridges few wholesale, Mike drivers detail, the helium looking the
guide a headwind factors raise million for adjusted to two pro would for which these million to representing forma Combined, million our XXXX, $XXX impacted EBITDA basis normalized to on EBITDA. approximately $XXX of adjusted be EBITDA XXXX $XX
was represent. working both The resulting a and revenues number and identified compounded of full as address So a was to they by the third are reasons year the take the them summary, quarter well we in Halloween. terms have of that disappointing, We soft in advantage margins. opportunities impact behind believe, as this, of
research consumer business Halloween will the Over do on we show to positioned this to year continue Saturday the opportunity. few are exploit to next analyze and next that fully season we [ph] weeks,
Party our portion at I Brad business the he give retail opportunities to and top an of to the and thoughts his sees would and strategies our Retail Group President return this ahead of of our territory to to consumer. of my Weston comp around to business, that, With CEO like positive City overview relevance
