and good Jeff, Thanks, morning, everyone.
As our The third growth. fundamental business in to continued are business of store quarter. store comparable our growth new Reade revenue two sales the and perform noted, well drivers
we store. the closed During X stores quarter, and added XX new
Eyeglass and we've or XX Best new months, openings the entirely World added with XX last net brand. our increase the in stores Over year-over-year X.X% almost America's
combined, on these brands in quarter. track For approximately Best in which locations should XX for about America's remaining the of these store similar We're stores. the Eyeglass increased two between year growth we XX.X% unit being four with World to closed brands XX stores be Year-to-date, have this growth XXXX. mix openings openings
store the as is our count X,XXX As total noted, locations end quarter. the Reade of of
have invest are where our new to markets, existing XXXX between building continue Our our and store been and expand new In stores newer ramping we and openings our still warehouse. balanced markets. base
We historically taken five mature. three have noted to new stores that years approximately to
a increased the chart X.X% comparable the growth calculated growth We driven last the Same-store markets growth comp third see customers transaction. This excited sales X.X% quarter of are in there. lot by The increases year. comps cash these primarily sales customer increase store potential on was basis. of our our and versus presents adjusted of in about
by basis our third drove the in comps the The comps with quarter. we Legacy Florence, strong points Hurricane brands X.X% the by sales in quarter, comps World growth Best During XXX for Eyeglass were respectively. flat stores segment impacted concentration in America's Legacy of the our and the X.X% growth store Carolinas. were given and third generated approximately
income to statement Slide highlights Turning on X.
timing increased net Revenue basis As of negatively growth to earned the $XXX.X points a impacted comp solid result by million. was a XX revenue. and revenue XX.X% unit about growth, of by
the earns had we million in and associated the revenue of company by in occurred quarter grow basis this shipped involves new to XX customer the basis, with expanded revenue on for Walmart lowering approximately that is the fee. XXXX. year-to-date, distribution packing role $X FirstSight from that Net which included no million the contact which with points profitability. impact relationship revenue This September. is provides for though pickup. lens growth agreement on reminder, to of of but with that In $X.X final for a distribution has retail which impact approximately a million contact third accounted began in modest contact Walmart, as AC orders the effect corporate reduction material lens are net National Finally, Walmart over, elimination experienced this Vision lens Similar a in our business operational cost stores experience quarter, $X.X other shipping that revenue to Lens the changes and was a
this minimal to overall As contribution business expected a to result, provide is profitability.
contact last mix as applicable from a to impact storm of other as weather XX sales million we stores of a the eye the that distribution points rebates geographic Florence basis primarily expanded an with coverage and Regarding Hurricane by XX.X% exam from percentage growth. today’s increased driven approximately versus over lens XX business our increased a closed as vendor of volume impact business XX.X% revenue for certain inflation of or partial call. higher expanded result stores year. five reflect impact increase revenue before events, net by year. remained and care revenue increase driven in as estimate a from this of were XX last was have the on with as well quarter a as of percent Walmart net overall impacts to optometrist’s net affected a versus or relationship as higher as mentioned, of Walmart of decrease growing points $X.X Cost revenue we cost well an expenses percentage Optometrist-related Cost basis As applicable to Reade of managed offset the The markets. wage that new revenue
year-over-year distribution net part cash SG&A expenses increase company noted, put The expenses approximately expense stock plan of this incentive points was total The points. The XX public and equity our to factors a basis hard increase. have employees, the expense, apply long-term reduction we XXXX of plan of As the a to were XXX as expenses payments to advertising, in were The of to the These the represented the long-term and in costs. KKR part lens of the plan. retain by basis we by attract plan ownership incentive related last with work who basis relationship or expanded place about non-executive contact impact important driven leveraging is aided cash in for and optometrists year. and employees, XXX-basis-point acquisition This not continuing investment were stock lens versus management our incentive nonexecutive an very by of increased plan expanded compensation long-term our compensation offset relationship. approximately distribution was percentage of partially and contact triggered equation. an in of XXX KKR XX.X% compensation points revenue by increase impact XX%.
failed big XX% narrow detail of no to want to half contemplated which EBITDA potential the in in the my citizen’s margin. Oklahoma, do have exams a be Unfortunately, XX when have points initiative, fourth the more X.X% quarter at growth allowed approved optical and adjusted in expense investment and the Oklahoma, we box in currently eye fell in in retail incremental cover basis margin have were This provision such increased million not initiative the and back Adjusted total a our and we an of in in The locations. that EBITDA one XXXX outlook quarter. initiative where related We in by March, this presence. would to quarter. for made investments growth in that of store was we initiative onetime occurring incurred half I'll services this expenses some provided I to support investment a mention of $X with invested remarks. end
growth EBITDA our adjusted the of by million change driven unearned amortization third expected, to As fourth and negatively million decreased levels versus growth third omni-channel The our basis expense to year, Depreciation in related network year. XXX on and $XXX million, new points due quarter in primarily from debt the to increased year. margin investments. net quarter last reflects primarily laboratories, was our debt the Interest paydown last $X.X investments of of impacted stores, IPO expense revenue. by $X.X quarter the lower optical ongoing compared last the in
In to income a we compared third terms tax quarter, option from at reflecting tax stock a million this benefit $XXX,XXX rate a recorded tax benefit and of million provision $XX.X taxes, benefit in pre-tax the of from exercises. XXXX, income statutory tax quarter our $XX.X losses
in We expect primarily including to option approximately support of stock items non-deductibility the the income last diluted option exercises. the XX% of XXXX excluding which to our year. $X.X tax increased income to compared full to tax $X.XX citizens' increased certain Adjusted benefit EPS be XX% exercises, the impact year reflects XX% Oklahoma. net excluded $X.XX investment Adjusted rate million initiative and to from
year-to-date Turning our up our to Through growth X%. adjusted X.X%, XX%, net sales was results. comparable in and about nine were Slide EBITDA XX months, revenues was up adjusted
debt-to-adjusted EBITDA capital have end we expenditures quarter. activities operating focused million. the by increased debt our was majority improved CapEx of times, in highlights down almost balance provided the business growth EBITDA to of the XX.X% Oklahoma margin support third of total On the citizens' costs, consistency basis due our of in quarter, decreased optometrist public primarily performance initiative, well of end the higher X.X XX.X%, time. cash with $XXX.X higher investments the advertising, $XX.X flow Year-to-date, company managed to on expenses. million initiatives. second and the our care to as was Our $XX XX, invested at Slide net Adjusted over from as at points million XX Cash and X.X
basis structure, rate. million the rate interest loan lowered for loan the of that existing which XX term completed refinancingin our $XXX we the tranche by on October points terms capital In
pleased rating a Moody's from loan by our BaX were in triggered that debt in XX to the a rate interest our on credit which we borrowing costs. we're addition, Overall, very corporate our receive upgrade improvements with term In these agreement provision pleased points. credit to lowered basis
Slide to Turning XX.
our from saw following you XXXX. for the As insights the of release, providing we're press remainder fiscal
We expect X% X% XXXX end or top of in be of adjusted previously our at the above to same outlook. store sales provided to growth range the
storm we benefited pleased difficult we’re comparison adjusted comp of in quarter our last facing recovery year-to-date year. While quarterly most fourth from X.X%, our comp of XX.X% with the are which
business Lens the AC our to net addition, is at relationship to revenue, In generating distribution XXXX Walmart $XX revenue. that estimated with add, contact including lens net expanded is higher least, million
result, a As we range previously our provided net expect above the to be revenue XXXX of outlook.
noted, As expanded no impact the and sales profitability minimal provide to on expected is to same store Walmart relationship contribution growth.
our support to for not expect the and in of primarily investments running $XX we care public and the growth, quarter, as serving strong cyber expenses have last Also, items Oklahoma million the incur managed to as investments our during contemplated higher growth that XXXX this initiative work certain towards include per XXXX noted expenses We end initially These operating year security were by than approximately incremental year. outlook. original expected as company compliance citizens’ upgrades. been
a respective in we to XXXX net in be expect of adjusted ranges their both our previously As half lower EBITDA provided income and adjusted result, the outlook.
reporting in the in and quarter, revenue unearned of significant weeks to near purchases that net expenditures and cause unearned quarterly capital we've difficult was noted largest the revenue of outlook change quarter our expect associated range is of fourth last in in predict. results. Historically, the is this be to material by driven revenue Unearned growth due swings the last period week in can the high previous be negative. investments. provided can calls, the the several to in seasonally On with previously end We the revenue
we forward We Consistent back for outlook year, call providing year-end are the This look concludes currently my in turn will process to planning with XXXX. fiscal XXXX late call Reade. February. I the on remarks. our in last conference
