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our As on third comp net revenue $XXX described, on growth basis XX.X% XX.X% with our XX.X% and comp of we our pleased Key growth the of of third performance XXXX a financial basis. and stack include stacked operational income are X-year resilient, basis, in business million, statement John continues XX.X% and quarter. on quarter items and demand be a from X-year X-year a to
channels. we quarter, the and both in demand During saw showroom strong e-commerce
was our our and capacity distribution and increased Our related of the continued improvement backlog driven by times. delivery both product to net demand growth in continued revenue orders lead in
higher and over basis partially net demand. XX interest revenue fixed a occupancy a by transportation rent quarter, reflecting as higher net offset including by to net offset revenue, the to Our net gross increased margin variable variable increased third and rates variable expense. $XXX related our partially percent as revenue, better-than-expected as Gross card rent related revenue, margin the and our million our to of XX% to XX%, ability leverage transportation quarter by points higher fees higher costs increased credit the costs expense in well to driven product, increase in higher showroom
public was support company-related as driven well the expenses Third million. new we business, quarter as and distribution capacity showrooms corporate $XX higher growth costs. SG&A including and to to expense increased XX% The increase of investments by expand open, as our primarily warehouse
by be on net an center the million expect on the year term XX%, of from annualized We IPO expense expanded to expense fixed SG&A non-recurrence and $XX prior net costs revenue leverage basis. of expenses. basis points our a the percentage revenue on XX% driven distribution incremental near increase as approximately XXX to footprint decreased in
XXXX for in third net XXX% revenue. XX% quarter million of income $XX million higher EBITDA impact the diligently which increased quarter from XX% highly our stabilization, income quarter in warehouse expenses XXXX continued thank of in I from $XX million to expenses. $XX inflationary fuel offset costs million product EBITDA positive of price efficiencies cost exceeded XXXX. working and and a quarter what income net want Net in the internal drive the higher and driven adjusted a due to environment. the control increased quarter better-than-expected increased our increases, is in and XXXX, in of adjusted income again to net Third Adjusted to expectations, million. operational third quarter to Adjusted $XX container by lower-than-expected still compared to to $XX the third team primarily
to XX, sheet merchandise December balance flow, were client $XXX cash continue to and cash we XX, up and Net the XXXX, had product $XXX as the from long-term was XXXX, September of million, response debt. build million, and no company XX% as in higher due inventory to inventory up increased inventory to Turning XX% and costs. cash equivalents freight value demand year-over-year and as and
while inflationary due our lesser with quarter, We inventory As I growing units at growing inventory levels. conditions, remain our our rate. are last dollars comfortable inventory to mentioned a are
activities For investing and the X $XX was months net in landlord of by cash with ended XXXX, $XX was provided cash net $XX contributions used million September XX, operating million. activities million,
of net million landlord $XX total in months As of contributions, expenditures, a XXXX. were first result, X the capital approximately
EBITDA $XXX growth $XX.X net to fourth million. and for of we income are $XXX billion full million million net we XXXX, as XX%, net EBITDA raising net million of million XX% This income $XX of announced our to affirming adjusted adjusted outlook. year net full growth of now comparable the XX% and outlook Finally, $XXX to adjusted growth $XXX $XX.X expect our $XXX we full XX%, year $XXX and comparable $XX to revenue range billion, million. $X.XXX million this are $X.XXX to of in income and million to EBITDA comp implies million, net of year full to We morning, revenue year and of revenue quarter million of to
of Our balance into outlook our expenses through to reflects expectation invest and distribution, the manage carefully backlog XXXX that we the and continue in including delivering development. marketing will we as our continue and product growth, mid-XXXX even
product transportation to and inflation costs. Our outlook in assume continues year-over-year
expenditures full center range new $XX from have to year lower-than-expected and contribution and landlord $XX due to showroom Dallas lowered in expenditures, to for our construction further expectation permitting. of the net capital million We million distribution delays capital for
third pleased Thank believe strong weather ever-changing our longer-term XXXX furniture outlook, all poised for your updated to closing, and $XX For related emerge drive despite position, open our performance, for build up and the quarter all release. an a and us economic position gains to to even are like stakeholders. fragmented attention, any premium highly plan our balance refer details share our with our In we environment, in we on press to coupled strategic other growth please sheet, to the with debt-free our an for to billion would stronger you on home cycle questions. in and value market, growth deliver we now plans call macro
