Good morning, everyone. and for Thank you for investment Polished. joining in your today's call
discuss off Before the the context year. remainder what on far like to we the so some third performance year Bob to I give quarter call of Barry this hand the expect I'd results, the to and for
filings, quarter, XXXX year. we've team has a As recent noted stabilizing rebuild third the fixed strengthening on In focused public the and the our in remained and business been the foundation.
to saw decline emphasis quarter the net prior rates, interest in what the While headwinds, in intended profitability third we macroeconomic to to gross similar market, our indicating its sales net is due affects on inflation experienced and increase second including quarter, enhanced we particular. The delivered the mass year, we declined an compared largely is the margins profit which delivering in sales in results.
we drivers reduced Additionally, These the has similar to declines are which market, luxury Polished categories X remodeling the main around headwinds, in the performance are particularly both business. at contributed and experiencing to volume. of continue see
and boost volumes for net year, sales Black Friday and line million. our year outlook the Consequently, downward $XXX full million Holiday Shopping do we remainder to of revenue. While between the expect on in should we pressure top continued are $XXX adjusting be
continue We single-digit low EBITDA XXXX. to expect for adjusted margins
We've the in including amended we and beyond. already extending sustained to XX, loan build we foundation profitability XXXX. a through November the group, and for several goals, For agreement to our these actions the growth for flow remainder are with it recently focused taken year, continuing bank on achieve of cash stronger XXXX
business. in and replacing the to work noted the continue optimal liquidity look loan past, explore flexibility for as the an options independent to adviser maintain for financial we to As we with we've
concrete force damage. one taking the to operations, warehouse product increasing profitability reduction reductions and this in closing are of a relocation our imminent We warehouse, past and of new through in of of and consolidation the operations steps efficiency and and warehouses efficiency into improve including quarter,
working recognized on are from And to we advertising dollar result in help for our We once results these every advertising on a advertising improve we digital with us will will agency investment believe, currently completed, sales these more return spend -- spend. expense.
for new a new provide who implementing process, also are financing customers branded customers, and label credit do We not our conventional private qualify card for We've liquidity. for which credit. also including leasing additional alternatives will added payment initiatives new
continued website. to small to high-margin our our high-margin We've to appliance become mass promote dealer continued them emphasize complement products on a manufacturers luxury for have appliances. and market We've
terms improved negotiating vendors. largest actively been several we've Additionally, of with our
pass now to Bob? to to the over for like the call second quarter. Bob I'd Barry results discuss financial
