R. Hawkins
the of X through walk ongoing the over third I'm our financial impact quarter and Chris. you, results pleased our Thank transformation years. to highlight past
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for operational is a direct compared This expenses XXXX. disciplined to representing a the quarter reduction million, of expense operating management and were result to Our efficiencies. approach QX $X.X third XX.X% our of reduction
have to and streamlined productivity. expenses we nonessential costs, years, X operations concerted last the made our eliminating on to control Over efforts focus
to us enables strategy towards we're operating growth sustainable QX increases As now a This for support drive remains was a million, $X.X XX.X% we million profitability.
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disciplined goals continue both positive demand quarter summary, to to we're financial of new refined our approach and we can this controlling progress reflects the driving long-term improving categories. the continue, our and closer consumer expenses, we profitability.
In that gain success moving the distribution our leverage last margins guided the to are expect us and strength we increased over we trajectory cost and us As scale establishing By into reporting structure, X this our at as that has sell-through prime for channels retail, expand further transformation the foundation of years.
to plans our and this of our capital Securing a of component is the need position. capital to key Turning we transformation. sheet last the phase balance on execute
working As most we we been last the for shared, of have have capital-constrained quarters. X
We rightsize raising sheet our challenge plans. the execute in order in through equity to balance market and been that to remedy have on
channels. that raise to inventory provided we've yesterday support which existing of the We strong. to are to build momentum be range as of demand and us rate demand it from retail equity has current the infusion necessary reflect closed appeal distribution, run secured with The wins an the Stryve's pleased expanding continues exceptionally $X.X recent our million with products distribution in our heightened and
the QX position While a strong in. the that fully a likely in goes today's of XXXX retail placements towards great capital be needs, additional new way will require recent capital long raise meeting to growth.
This to expected pipeline is support
our rapidly. well, is performing are distribution products expanding Our footprint
solutions capital maintaining partnerships opportunity creative while discipline. to capture financial of and actively can are ensuring that phase support growth, We exploring this every next we
for noting, encouraged guidance the time, seeing the to not underlying and we worth guidance the the XXXX, working the sufficient however, support It's As secure would throughout on balance our of for in of fulfill QX we prior -- year. based year. are the was to we the look of year our by the ability this demand we're that our products to we traction end balance marketplace.
At capital remain providing that assumption demand the in this
While our the us remainder shipments will serve help capital to will to timing service raise benefit challenges, recent for estimate of these raise the of address the we QX.
to and to support working alleviate upcoming these actively will capital solutions to our manage and constraints additional are We growth. continue explore
cost strategic our the growth with up and Looking coming distribution base, with will to with set focus sustained profitability. the QX, optimistic on a path online wins that capital in efficiencies along into management, us clear operational for XXXX, right we're
As always, that, over disciplined to balancing are long-term positioned achieve like management, to call for to value objectives I'd the maximizing ensuring we committed additional expense Chris turn we with shareholders. are With our our some growth for comments. back to while that
