beginning items everyone. statement recognition. that but fiscal change total adopted quarter, a by Ted, were second pertaining positively the operating the the on the we new X.X% accounting impacted of million. geography year. XXXX, income to revenue and increase in second last of from quarter, the Recall billion, In our growth impact standard at good profit. you, morning an no $XX of changes The new sales certain has In sales on accounting standard Thank $XX.X
X.X% positive the X.X% in with XX% were of July. and Our comps of X.X% for total July. positive in in positive quarter with May, May, company comps June, the X.X% in were XX.X% comps in June, and positive quarter the Comps X% for in in U.S. X.X%
call words, and from heard the we seasonal the you’ve our a of effect to second exemplified in were first quarter didn’t of missed majority quarter, what you weather the the just in recover Craig, we seasonal the in inclement due second As sales seasonal quarter business; bathtub recovered heard, other performance as sales.
total sales exceeded last our sales the comment One Our for expectations. on growth quarter.
result on points a of our just growth. impact of can year, that from the year gross the second of of impacted was basis increase net last Foreign XX factors. gross factors is be negligible which number currency isolated, over number third There exchange year. margin the a rates and two our were quarter, a performance XX%, had of an In margin sales
XX impact transportation $XXX points basis the Specifically, contraction of of and XX acquired chain, supply including had new due net and standard. due of margin and gross gross or our basis margin companies. the of to the mix result finally higher of gross number points margin recently expansion had points sales reported basis of in costs We to fuel due gross to a profit we we X million expansion accounting factors, of
as chain. in our our supply points reflecting in expenses our the expect basis accounting conference. accounting our a basis higher at XX.X%, out percent new caused deleverage. This by the our points plan of in points is standard transportation the strategic due resulted increased previous in basis we a plan associated the operating by and BAU, expenses and to anticipated our from we expense expansion roughly second operating Expanding investment million operating and quarter, margin to rate basis $XXX XX expenses to basis of by XX expense year, XX the guidance with costs the operating of gross XX approximately slightly this, strategic increase In expense approximately laid of related than expense points. or million sales points December Usual, on new investor of $XXX down For standard in impact deleverage, As to resulted of Business investment XX leverage offset expand
strong now of XXXX our expenses at Given our expect first rate. growth we to sales half fiscal grow our approximately operating performance, XXX%
Our increase quarter year. last an was of XX points operating second from XX.X%, margin for the basis
For expense The the second was by and XX.X% the in to decreased our reform. quarter quarter, interest of in decrease tax and million, fiscal XX.X% our rate most tax reflects rate effective the million $X the tax other XXXX. compared to effect part for benefit of $XXX
year, our be effective tax believe approximately XX%. the we continue will For to rate
an XX.X% quarter for second Our diluted last increase share were earnings $X.XX, per year. the of from
million through $XX approximately X.X one X.X second were at count ending the end we million repurchased square the quarter times, per footage included an were or X,XXX. quarter, highlights, additional for of up approximately second X.X% shares quarter, $XXX, stock. Moving new billion repurchased million up on the the feet. the XXX up square share last approximately on of to Total square of X.X In market repurchase, foot year. were end was shares ASR quarter or accelerated X.X store quarter an turns in one from opened year. outstanding we last X.X% the Selling tenth during last store open the from inventories year. for the million This program. Inventory Mexico of At sales billion, and $X from some merchandise shares
the we quarter trailing of shares for of in XXXX. to XX also Year when XXX,XXX that second number capital an the fiscal XXX outstanding approximately billion it the received beginning second in on related of the than shares is terminates. quarter initial and shares, will approximately first ASR our date, quarter $X of calculation. debt quarter shares higher initiated the quarter. average quarter the in shares approximately second and to equity our year. program repurchased the to Note the third we under The repurchased be we the of an the repurchased second final We determined ASR and outstanding approximately have was for points return billion now repurchase basis for expect invested months, $X long-term XX.X%, on ending Computed ASR,
price of expect the of environment. driven half back high in our year, a XXXX fiscal the that trends but hurricane-related continue to we we out These strong with home healthy and economic of low half have of to today continue supportive appreciation, comp, the so XXXX to wages guidance know performance. we half must are growth look we improvement to are Homeowners also we experienced our and million over we $XXX all first second As backdrop business, record unemployment the primarily that fiscal sales rising our lifting for home enjoy consumer confidence levels. of
our we the XXrd XXXX bias August Recall GAAP. of the of to quarter economic Remember up. based and that weeks. environment the Now, guide in forecast XXXX to fiscal that the off will performance a is if our XX will so bias include a there is fourth on week, consist fiscal date,
sales For we fiscal by comps with X.X%. as now approximately XXXX, basis calculated X% of XX-week increase to approximately on positive a expect
fiscal For share to earnings XX.X% earnings per we per XXXX to approximately grow $X.XX. expect diluted share,
are to of that, fiscal repurchase shares of we for thank would approximately intent the in call. guidance outstanding I back you ready half in participation our today’s your Our earnings With questions. now to share per includes $X for like billion Kat, XXXX.
