good afternoon, Thanks, everyone. Matt, and
last map results Our start outlined of consistent 'XX. at progress demonstrate road executing our the fiscal we the quarter
consecutive team, adjusted quarter, EBITDA year the top focus our our sharp of full on first and With from track of improvement leadership the we're oversight to beginning at end while new on quarter maintaining we're year-over-year see adjusted last EBITDA line profitability a We momentum delivered March. XXth on our early of to achieve profitability.
quarter fiscal into that, build on third 'XX, our expect fiscal with let's beyond sustained in we this more stronger improvements. foundation With growth detail. dive Looking top to line profitability results and
the this for long-term of our year-over-year revenue revenue X quarter our far marked million, of second growth quarters And are consecutive following Total a $XXX.X declines. was quarter greater, X% ambitions year-over-year. increase while year-over-year growth
Breaking team's $X in of reflected results, and within beginning These Commerce line segment, of it includes million are segment. down our revenue, to $XXX.X in efforts important just contributed are particularly by DXC top which steps, million be our the BARK much first Air.
compared the last year. to In total, X% declined segment
customer the we have quarters, Shopify-based discussed in all new throughout And have moved platform our also cohorts paid in migrating we year. October, of media to been As our over. prior we
there platform. mentioned, degree Matt moving As to is always uncertainty of when a a new
results early are encouraging. the However,
who X experiences quarter driven was At last in they prioritizing in customers into strongest our households years. quarter instance, than of up subscription by see time, unique same because our in their new bring For the discounts. rather with our moving engage brand, we the BARK and we're also the those primarily funnel, products value the
The Building segment execute exciting customer is Parness' critical. reflecting leadership, and initiatives the industry to maintaining areas driven and we some some effectively. has engaged by an need in pipeline. more And Michael headwinds, others under seen base we factors DTC have
and enhance address targeted in have challenges experience expect However, segment this implement segment as to to measures 'XX we stabilize impacted we customer year. past the the to on the continue in Shopify this fiscal that
caused chain fiscal these 'XX. which and has fiscal see customers, our revamping challenges, progress DXC go some 'XX for delays example, retention. focused with into been tackling to team beginning For on we supply The we're shipment impacted as network further in expected advancements
through On side line of top business the commerce leadership acceleration with under flow new P&L. team's the the the the seeing of we're just and to Michael beginning substantial of efforts only much Black,
of segment Chewy up space year-to-date. XX% quarter, growth partners. XX% the and year-over-year count delivered has driven by and partners million shelf $XX.X and promising increase SKU a representing with existing Commerce new our revenue, been in This like growing addition Last
with Maxx. growth partners and encouraging strong We're also seeing as Amazon underserved such T.J. previously
footprint. of the we're international in stages Additionally, early our expanding
example, recently launched Pets international Europe. see commerce in we Europe at on in in with we the U.K., wins the concentrated share today Amazon following toy growth The of For lion's is category. Fressnapf and the Home
consumable As TAMs. we growth opportunities bigger of unlocking fiscal our we with products, further anticipate categories expansion into much additional head in XXXX,
guidance, this we domestically growth an year XX% early even with this rate too it's While higher year next both to we to and continue provide share take as market expect to formal segment approximately grow internationally.
margin basis year. up Consolidated last on. XX gross Moving versus points was XX.X%,
the last over points We percentage over grown margin years. gross by have XXX basis of couple
to help further margin will fuel we line growth. improvements, we investments ahead, Looking for top opportunities with which balance see
Overall, forward. commerce past we're gross segments pleased the with in over DTC the stable margins both few years and relatively expect progress our and moving
margin. larger will revenue As a as gross a commerce it consolidated reminder, mix, part our becomes naturally on weigh of
comparable long-term both However, across are the goals. segments, our contribution margins supporting profitability
the Turning quarter's $X.X expenses to in shipping to this were costs fulfillment relating versus of fulfillment Included restructuring warehouse Shipping is network and X.X% expenses. expense million last up in operating our million transition. year. $XX.X and quarter,
and a partner. shipping shipping down year, were favorable fulfillment terms more million last from expense, this reflecting Excluding versus $X costs new
focus chain further As to will 'XX. opportunities improve a area us which for network there are I optimization, mentioned be our fiscal supply through in earlier,
totaled reflects structure quarter, business. for continue a to with headcount improvement G&A and we expenses, the primarily the of the evolving needs lower costs reduction headcount consist year-over-year. Other our $X.X million which as $XX.X million overhead organization align costs, of This
business $XX.X $X.X at attractive to expenses acquisition This which customers expect the the reflects investments acquire benefit will months for million up ahead. were Marketing new the strategic million increase quarter, we in costs, year-over-year.
can on these a depending from or line returns is down we this investments. forward, the seeing flex we Looking are up
million, $X.X million Lastly, margin other costs. and driven improvements year, the fulfillment adjusted was quarter of percentage, for improvement last to and gross by in our negative G&A the EBITDA costs $X.X compared an shipping
flow year-to-date. cash quarter million was the million for and negative $X.X negative Free $X
the to For of ZIP perspective. flow cash we free code full a expect the be from year, in breakeven
million $X.X spent approximately the $X.XX. consistent balance the at repurchase $XX with quarter to shares We prior the buyback have price quarter million This repurchasing Since shares sheet. to Turning in cash, million average XXXX, ended we the in in million, an million XX of the program reflects invested average X.X price an $X.XX. at of $XXX initiating quarter. August with
and repurchase shares We opportunistically fiscal currently our under to at have excitement given these approximately million to our 'XX. existing plan for $X remaining especially continue authorization levels,
we're a for fiscal and quarter large a fourth let With runway guidance ahead. full and out to me with foundation Overall, year. closing 'XX mind, on solid the fiscal in turn that
full year, guidance original our reaffirming we the QX the provided For are on call.
growth be between $XXX total million, $XXX flat million reflecting expect to we X%. year-over-year revenue to and Specifically, of
million. quarter million to implies $XXX.X of $XXX.X in fourth revenue the range This
months year, variability X While range than fiscal reflects timing this the Commerce inherent less in segment. our a we recognize left is it in wide the with
Furthermore, in Many of impact strong and retailer is later, growth the frame have shelf given segment, the this timing amplified. or on earlier this a March, April week can the shipments, meaningful exact occur we're quarter. time a seeing whether in the resets dynamic
midpoint, adjusted EBITDA year. guidance $X $X and improvement mark full compared side, $XX to represents year million to reaffirm in million the BARK's On our the an for also history. approximately would EBITDA year this of the first million positive last the original we At adjusted
last versus to $X.X a million the with implies reflecting million the quarter, a midpoint $X.X of million range fourth year. $X.X improvement for This
while are are our confident high achieving in we ahead mid- line top fiscal to still Looking we single-digit growth. operating to plan, 'XX, finalizing
brief believe Formal regarding Talking this will we provided to share reasonable directionally, a our a fourth range. be on quarter I and achievable want in guidance call fiscal is 'XX, of perspective tariffs. June, but
current are while to We the continuing drive navigate round to in of our confident growth. tariffs ability
entirely tariffs. almost come of latest X/X which and unaffected by volumes First, are our from are consumables, sourced the domestically
the XX% largest in impact tariffs. flexibility our the been strong as of implement And gross margins, improvements key the provide with address to coupled latest X/X, U.S., For we remaining one dog our costs. proactively have working our that China these suppliers the to in of dampen toy productivity the companies with scale,
same have the we As competitors a don't to from who particularly believe capture shelf result, we opportunity the leverage. have space,
dynamic and will not on material we vigilant do our remain While impact any adaptable margins. anticipate gross environment, in this we
In are past the of over we've made we progress closing, proud the X significant years.
to team business there strategic done, the laser-focused While fiscal momentum, are leadership a work be 'XX is still entering clear a forward. path and driving with on we
We our confident in to and that, our value customers, remain for long-term ability I'll over operator turn With deliver partners call shareholders. for the our Q&A. to
