Thank Jerry, and good morning, you, everyone.
strengthened investments culture growth. his furniture drive and on transforming been instrumental his for ago joining Under in direction, to and long-term thank Since Jerry talent improved crafted company invaluable residential the accelerated solely has to customer has years CEO, to company. and His almost XXX-year-old company. an leadership like exciting the the innovation has contributions has vision X.X President in I'd our focused and First, as Flexsteel experience market, and
also foundation deal mentorship Flex testament as a companies for continue to He coaching, level, named of leadership. for a Jerry's years in a and I'm is was to for grateful the On trajectory Newsweek and years true personal we've most one America, the by you, together. to thrive deeply which trustworthy Jerry's to company support over many worked established many Jerry. has come. the Thank Recently,
Turning to third with I the back results. Like Jerry, pleased business. am quarter our very
investments our well, are participants a we in the where strategies continue gaining and enhancements industry in We to business experience declines. are made competing in working, report innovation, many pursue growth and year-over-year customer new in to it are our results. industry markets paying new product off, share The environment, and growing we challenging have double-digit development, and all see
strong We we our the top fiscal third continuing sales when second the momentum quarter, the quarter line grew by grew by from in X.X%. X.X%
X.X% strong noted our sales release, prior was the was related earnings when in the ocean As surcharge elimination, growth million $X.X in the further quarter, unit freight the sales robust from excluding press reinforcing year's volume and mix impact a execution. product to
to weeks fiscal confidence industry we both while maintaining in sluggish momentum stems fiscal XXXX few Point from High success continued our business year in ago. at to share growth next into gains remain XXXX momentum And XX and conditions and our persist for our of recent in core confident into our our market to initiatives. continue ability we our fourth our the the months, from X expansion expect quarter in a Part Market increasing the growth of
indication was a in customers market, solid, appointments market the versus versus year's of preferred as was X% into that increased are number up Flexsteel a attendance partner. impressive prior customer and our XX% Flexsteel year's showroom and by leaning the market, overall clear While prior
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success Most rate. portion activating exceptional almost feedback an A products are of commitments, market, XX% importantly, gives based can which the continue we industry that us business, share and was to squarely the and new sluggish our of new gain with positive even good customer core is on grow product the focused optimism we on at shown modestly conditions. core which all persistently
our At the Point advanced time, Market. April market same expansion High initiatives we at all
First, launched XX products. new with Charisma, The brand, to new we younger received, under design and was intended the multiple is over the consumers talent months. this product to added expand well very quickly offering lower-priced Charisma and which reach on-trend engineering our collections we've both next year
is other Second, accessories new fabrics modularity further And or and we to improve expanded produced our Flex hubs in available Flex in for less. younger collection and our custom partners, appeal weeks to independent now X retail its consumers. with
was Zofa solution, fabrics and new chair X a new is decliners effectively sleep by a proprietary our council. expanded Zecliner, offering center with which Third, connected
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also demand and of our our We stores. on awareness drive for print sleep Zecliner broaden to solution digital are embarking to to increased national and marketing campaigns consumer customer
across now in and where supply are Fourth, advantaged compelling the and we of Flexsteel the categories launched brand effectively These product have dining with quality to chain a company share. underpenetrated. products, broad categories on-trend occasional. superior We good is compete set design these under bedroom, the and large talent case gain
and box productive included to sustainable with is continue and multiple distribution They term. value potential existing brand, development long opportunities Flexsteel retailers and and we'll where pursue market had meetings we highly Fifth business to our profitable which sales e-tailers, both and big customers. new the lastly, expand it that
is top growth our about profitability, drivers. which prospects, line excited by I'm While energized future X and I'm propelled being by equally our improved growth
We improve over new with First, our product gross margin will for the time. higher products margins to raised expect new margin and threshold management continue cycle life profiles. product
executing strong cost chain. a within well operationally we're Second, our and savings supply delivering
fourth, fixed through margin to the profitability. we with pull-back an we've Third, achieving of will operating where as important we to overall which needed going forward higher promotions believe we remained of disciplined and improvement improve are volume, business. be costs sales leverage driver continue pricing grow And
and growth sales share and our have through markets and challenging new and our The investments continue continue core into with is expansion conditions. of positive are are robust aggressive to must working under momentum growing industry markets. We growing our we in both pursuit gaining to key that plans new remain our takeaway we strategies
XXXX are fiscal fiscal rapidly quarter We profitability improving fourth and with more of into expected in gains the XXXX.
us are and to strong cash generating strengthening to we experience, our innovation We term. will leadership strengthen customer investing are market and that flow free our our sheet, continuously differentiate drive new and balance long and improve
outlook the lies bright, fiscal Mike, future who I'll financial I'm for some over year The additional excited quarter for and third for the the details the give you will organization. ahead quarter and the about on XXXX. to call that, fourth is what turn performance of With our
