today. our hello for and Thanks everyone. Thanks, joining call Jean,
review and of sympathy the to begin passing everyone we for I support tragic want our thank the Before unexpected quarter, and loss. Mark's your of
was highly missed. talented entire person and As of He leader, sorely be loved you well know, Mark an many as a exceptional will by the Ollie's as passionate, family. regarded
working for years I have the Directors. with company. privilege as and extremely almost dedicated privilege closely will by Ollie's group, Board our very XX of well Mark the and the team of had I now be and supported talented the as entire leading of
carry to every are do impossible of know to But shoes and than us each ever our that Mark’s make best forward. to I proud one him as more committed fill. is we legacy his
As Mark would say, Ollie's. are we
expectations onto to deal our Now flow strong a X.X%, drove with success a sales delivered of XX% were We in Comp prior a new in Strong board. line across quarter X.X% increase our the stores ongoing increase. and our top-line compared the results. decreasing year.
on and headwinds the of expected call, stores stated TRU impact last performance the are outsized cannibalization we for our As to new our this year. the the record entering base remain remainder of the comp of sites
same. the remains However, algorithm our long-term growth
that. addressed rebounded we areas, income, net regained in and these well we did tight QX in be levels along our as Improvement centers. we at key in margin and increase visibility adjusted contributed Merchandise control efficiency prior distribution XX% a to expense issues into call, to with just our had
our proven of our model As growing great we expanding Ollie's remain deals, leveraging base and bullish strength on Army. of offering always, the store and
an who merchants of have have building a relationships our We talented experienced and done with job longstanding bench vendors. outstanding deep
exceptional As a result, see we continue deals. to
bigger than our and last year. we As before, we buys said leaned even toys into are
expect with deals more and of they've customers the name come us how pleased to and allow bargains We brands Ollie's. give other are very these to from
we're position that confident Our to robust pipeline environment. on our capitalize a great and closeout is full we're in very
Our base, we easily strong prospects store At flow the grow greater very well work support future. for the our the continue our our The more can plans store more save to same deal growth our the customers for time, together. merchandising money. to opportunistic even and strategies buys for expansion foreseeable
expectations As past, new many biggest than to our times we've performance of fact driver new in exceed ever in our stores said payback. store the are the continues Their growth. stronger our with
a busy total year We for the we opening on a and cadence. way with entering our stores Oklahoma this coming We Massachusetts. new XX opening stores had and of are having full quarter, year another well states, and normalized pipeline XX to a opened
our We Worth expansion in Fort enter area. to look center, opening markets us states. and enable This new third which new distribution our the of both to located the Dallas, will the of support geographic with footprint is
The budget Army strong, first to Construction continues is million accounting Army of on XX remains schedule on and quarter. grow, the operation now in in over for Ollie's the XXXX. XX% of sales quarter our for
to events this year, of Army biggest Sunday, night of our welcome members again of December excited is evening exclusive Ollie's and the shopping are we an rewards. And Army XXth. One to Ollie's once special
sharing member, If We time and the great to Army a an us join not there's fun to you and you time. see enlist still there hope for savings. are Ollie’s and
buyback, company's first-ever quarter, long-term share our confidence we the completed During growth in prospects. the demonstrating our
it’s the shareholder us strategically Our back vehicle opportunity another buy to allows value. shares and generation us consistent flow for cash drive to
hectic their X,XXX want I efforts our for almost during take of members thank the a extra required all season. to team to holiday moment
day. We for all year, and only you of time do, are grateful at not every each this but
delivered our am very challenges in nature So faced We short-term Many the were and to QX results results. anticipated. as this we course-corrected where strong had wrap necessary I pleased in we quarter. of with it up,
the of of are Ollie's with We we ahead pleased Sunday. performance said, days guidance. have a night line including this previous That lot with in and quarter-to-date our big trends us Army are our
this There won't is its same feel Ollie’s the same. incredible rallied will Mark the ahead opportunity Under entire Mark's Mark, he team the has be make will surely execute remarkable model. outstanding and doubt we have But how growth proud. leadership, Without and business determination in we of no tremendous be us to together we missed. achieved What a success. is
It’s profitable legacy, continue me with and the strength and to give shareholder value ability growth driving our team stay and that the focused in confidence together of Mark's future. our now into
will call more take financial to our over XXXX outlook hand I now the through in Jay you results to detail. and
