third In Thanks, improve and the to good products Herschel, streamline of everyone. we XXXX, quarter our experience. of continued portfolio to afternoon, our customers’
transition product to successfully we While the mix. our the were managed margins by by affected over sales year-over-year, impacted and XX% unfavorable inventories our reduce
growth to we the at continue balance tangible financial so of a of steps our we from We quarter. on end million are cash $XX the position challenges, sheet return with a profitability and face taking but of to and hand, towards do strength,
items. This for to Sales e-commerce the Sales over million now wholesale key XXXX. from from increase in decision were same tea year-over-year. mix Allow online $X.X by million primarily of by proportion impacted adoption at healthy million, $XX.X representing me the to go a channels quarter. and remained million highlights the decreased of XX.X% a as period $X.X demand financial reduce $XX.X with product our well increased driven greater by our an SKUs residual higher In-store distribution unfavorable as from to the and Canada. across from was existing accessory chain sales increase grocery
of the assets, and SG&A sales to Excluding lower adjusted sales due the of to partially impairment the offset million, on quarter. costs quarter increased of million the deleveraging of the an by the able increased comparable the operating of quarter to XXXX. incurred $X.X items loss comparable fixed offset were loss in absence activity the This right-of-use prior from $XX.X negative store from IFRS of was impact representing loss year's was XX, activities mainly spending We expenses. lower fiscal in with due
impairment expenses right-of-use the the decreased quarter in and assets Excluding the XXXX, of of adjusted quarter $X.X million. property, during SG&A by items incurred IFRS the impact XX and and adjusted third equipment of
which items to compared current in periods was quarter. the in non-cash negative EBITDA the and year negative $X.X million million prior and excludes other $X.X prior
would the ended impact the EBITDA of reduction a negative of $X.X million. to XX.X% We the a to quarter in amounted the compared XX, of in to at same have million, for the quarter end we EBITDA our Adjusted negative million, leaner product as from in year. $X.X prior quarter. inventories $XX.X $XX.X inventory IFRS the optimized assortment negative the Excluding period prior year million quarter with position amounted the
indicated before, quarter cash million million, balance $X.X at increase year-over-year. our of As $XX a with sheet end remains strong
compelling In closing, consumers. continue innovative work product to new our and offerings portfolio to introducing optimizing the we towards and most our
confidently business. we steps challenges to are taking the remain sales Near-term stabilize as
experience that both firmly ensuring the to customer innovation, a in-store have online innovative are we and and focused We assortment. product enhancing compelling on product and
a We anticipated. longer it's the taking track, but are than on little right
to that experience by our customer We resonate surveys. nonetheless recent consumers are continue and with evidenced as efforts engagement encouraged
additional our of has channel tea in our Our presence to sachets the our and locations brand. across visibility X,XXX in retail availability the provides to over stores significantly extended and Canada own wholesale addition
the dedicated tireless and customers and DAVIDsTEA acknowledge happy them, with of all our experience wish assembled passionate we network. innovation across customer’s We the employees Finally, effort them every to enhancing shareholders, the all product want thank and team brand. We've a and our holidays. to our
joining us today. for Thank you remarks. our concludes This
