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over years our in XX%, $X.X venue-level new delivering Some expenses. last profitability quarter million adjusted corporate with stores over XX%, mature, in extraordinary and EBITDA margin million. include of are margins the highlights Moreover, X best a of improvement excluding of strong quarter venue-level EBITDA $X.X venue-level to our and a versus continuing of EBITDA EBITDA
continue dedication want day expect results X,XXX they've from members we thank and not their where our be, to provide to team with to guests those While our magical passion want top-line more I they are than as our come them for to every moments Pinstripes.
profitability initiatives: Over current three, the improved our last the corporate improving both our one, been main high-quality comp few focus top-line trajectory; funding opening X strategic within level; quarters, driving at our venue-level on locations growth two, capacity. has and and
top-line comp of each these to starting areas, improving speak me our with Let growth.
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to labor more As a a strategic and card processing hourly range growing credit with leveraging from savings various and scale favorable vendor our our savings, partners, intense salaried reminder, these negotiations brand. more agreement
of our starting targeted million to SG&A cost-saving Our through to $XXX,XXX removal quarters. The the P&L of annualized flow of in the initiatives decline third level with approximately savings beginning savings fiscal almost our year-over-year expected corporate through remainder flow represented of SG&A. with extended $X those future in cost the the to quarter
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our to This Francisco we groups Walnut opening. on X-story Creek, with with the lanes, across location pleased X,XXX. Walnut new San of in quarter, private XX,XXX indoor Mateo. new and very Plaza, at we features X close in location bowling feet square X space XX, bocce courts remain in Creek location X venue in Overall, November up levels our event area to for the marking our proximity Broadway the During XXth second third California, opened San
touch on liquidity. I want to Next,
January of As $X.X we cash X, and million in cash had equivalents.
with substantial position. strategic quarter the EBITDA While is positive represented to company in trajectory order only improve corporate overall liquidity our cash alternatives our third free negative exploring level and our a modestly improvement flow, several in
with $X conclude the alternative Oaktree we until financing loan. this, and intend to we of Tranche not further public do January as comment necessary.
In and we while needs growth strategic realize on any what million accomplished additional unless we are cost X our further part the process, pleased writing our As summary, or Otherwise, both to trajectory in our to funded corporate, make of appropriate profitability. improve improved deemed aware remain Oaktree top-line an venue-level acutely XX, structure, under we've
our the February we Tony personally CFO, call to with company. public a been wish fiscal for your opportunities turn transition a I and me you entertainment I that, as pursue our discuss past Tony call in and privilege Before outside work It's endeavors.
With to to to to the now XX to down over, Tony other of future over over XX, work results he's the the Querciagrossa, detail. our the release months, this be earnings thank third including want quarter in in afternoon, turn noted let effective to will stepping you, restaurant I contributing greater industry. our done well
