everyone. Thank you, morning, Jeff. Good
on initiatives XXXX were to his performance. for were Jeff in performance So strategic drivers behind in explained decline disappointing, future an basis. $X.X plus key billion, the bode quarter But while the let's jump comparable the in. right results continue that X.X% our deliver licensed a sales well owned Sales remarks. of overall this
make on progress initiative. to During the quarter, we continued each
us investments additional fleet. Growth in rest of great both the completed giving work our our fleet, on confidence we stores XXX continue in the our for store the our and this store stores, of important segment outperform stores. GrowthXXX to validating The the this outlook initiative Within
We achieved year both expanding Backstage continue expectations well exceeded to up mid-single-digits to Backstage margin have Backstage perform full in our a stores. the and for We XX another locations and year of improved than open goal turn. more our quarter and
continues brands the and to as well business standout from a in expect a lens segments offered apparel. which also are contemporary strength as is all in our add customer is category that and fashion through arena. off-price is and across in our Backstage brand apparel, This of to missy, customers responding. active a responding The well mix wear intimate kids as classifications The performing as sportswear juniors recognizable to been ready where of our is and value customers in for has and Backstage toys. in Backstage our
strong the always shoe We is Backstage our improvement have business, seen draw in for customers. major a which
women’s Turning items, and weather cold to dresses, fragrances, men and active furniture. the The jewelry, categories especially We strong in across had included quarter men's sportswear, weaker handbag, the the men's broader performance fine mattresses, businesses in business. housewares and tailored.
terms as a third growth year. lapped In into very digital, we experienced quarter we second the as third the strong of in quarter the slowdown expected, last from quarter
the in said digital the experience business cold quarter. Jeff addition These heading weather and time are confident online for to are from critical delay Our with we into in some experience we significant as customers. changes impact a in customer an for site suffered rolled holiday updates the for our from saw improving temporary also out fourth improved
and a our We of feature on made. touch improvements with many design elevated re-platform we more to and the improved end a our our that of experience a me modern, usability experience have few with redesign properties the navigation. and speed user of digital front improved of let app So the
to shopping. our added and features, app with navigation help apps numerous sites also particularly features We and customers in-store
We've fueled times. seen active X Vendor continue in overall experience. the We in our mobile growing triple-digit the continue as fastest performance. users to to our digital growth pickup see downloads Mobile significant mobile online overall we the and our and by all channel, online growth Direct, growth app, our by growth improve outpacing omni remains demand outpacing nearly year-to-date
vendors Direct in BOSS is we of complement to with across and Vendor X up online nearly and or grow home, SKUs and customers pickup increased pleased Core. same-day men's of the in-store to especially and X,XXX million have convenience option. our are addition through to And as in-store. categories, year-to-date fueling Center our kids same growth picking selection many Omni delivery and love BOPS security continue relaunched pickup day the
contemporary is its in its growth year-to-date, strongest outlet both since its performance and digital well. base in the double Luxury in total and and Its millennial more the saw List that to penetration. wear business than stores. to Bloomingdales performing the is sales weeks ready its led With shoes growth experienced ready wear only six quarter. salon fragrances, and stores penetration millennial Bloomingdales’ subscriber launch currently My of
While still are small, these promising results.
opened the had Bluemercury quarter. stores we with in another and strong growth four double-digit sales quarter
first reflecting metrics, loyalty brand a sales last company the the discussed. X.X% its than regard the to was transactions overall compared of launched also of main more BlueRewards program XX% base this to enrolled. sales factors customer our Importantly, Reversing our positive performance year. driver the the and quarter just comps fell trend, transaction already has With same
represents trend transactions. of Backstage, line the but in and which AUR X.X% with in reduces increases decrease in X.X%, part due The trend, which AUR retail improvement. expansion down were transaction is per a average fell unit Items to
quarter, X.X% was revenue, last below card Credit in credit XX.X% we quarter, million to level. generated slightly last in Turning down from quarter year. year's the in XX%. margin $XXX the the penetration Gross was
to over margin the combat sequential and improvement basis last improve this represents year, XX second progress points versus indicates significant and a down profitability. While our making we efforts are in quarter compression
the Merchandise prior headwinds were productivity versus improved points. approximately margin flat last offset hold year by delivery result initiatives, quarter. beginning we representing of XX also as basis flow. These and our benefited inventory an traction are to from from Comparable get the was benefits to such
expense SG&A, reduction quarter and $XX recorded the Within both year last cost on reflects associated disciplined $X.X with costs points of than SG&A a XX The basis. million less sales. dollar lower and billion up rate basis containment we variable in
of $XX compared $X.XX was quarter $XX which $X.XX last $X.XX represented year, asset to income impact respectively. of gains versus sales Adjusted million income sale the the year. million, gains million is million $XX was the about Included net figures of last $XX asset these in Adjusted and respectively. in in net EPS quarter and $X.XX
compared lower our of the cash activities million was The Year-to-date last due primarily to $XXX and expectation. million not full EBITDA payable $XXX is offset is from within timing and also of accounts flow indicative tax payments strength variance year. operating to year lower by
last $XXX of expenditures approximately to compared capital year Capital expenditures. to And our billion of $X remain year. million $XXX guidance full track were million achieve on we
early of year million $XXX used Cash as a $XXX activities was repurchases. by XXXX ago, included million less financing than debt
through We committed in dividend excess our have share investors million paying. further voluntary We year-to-date debt to continue paid cash as per to and remain repayment. amount appropriate reduce same to use XXXX we've $XXX expect to debt paying the our to at cash been an fiscal
me to Let turn now guidance.
owned comparable to to X% basis. be licensed year sales full the on we X.X% down expect plus For down an
We underperforming year. performance in we fire remain third sequentially quarter the we event our caused will better the only the the the in not sales center continue as than Virginia quarter in to our last promotional West cycle plans, confident expect holiday and our mega disruption fourth also but be by to pre-Christmas
to to than be down SG&A comparable year margin business, year. disciplined XXXX previously is and full be year level. containment below decline efforts to continue SG&A expect a last anticipated annual to below rate we our our moderately. as expect levels we to a moderately to ago year we last the greater year's But be our sales inventory Gross the at expect delever dollars continue end in of for expected cost slightly With we the
for excellent XXXX real to valuable team year sale appropriately its estate well to adjusted gains We are do sale holdings opportunistically. into Taking everything expectation. ahead anticipate monetizing $XXX continues asset EPS $X.XX consideration, expect of asset excluded. now or $X.XX, job when range be at Our million we of and the the in real to gains $X.XX to estate our $X.XX of about
anticipated. also our includes nearly revised expectations able we we Our to previously tariff, successfully the mitigate been for as have of impact $X.XX that guidance all
still vendors for customers, for able While We'll year. fruitful to we business are next the underway to from those our able XXXX. suppliers guidance and be and when with XXXX insights our we discussions share discussions on and impact our discussions provide minimize had more we're
posted You morning. can slide in the on complete guidance earlier this we our website our presentation find
quarter, our In expected. closing, very said, expenses, certainly the the comps we discipline to confident than importantly at be moderate fourth the and while quarter That we gross of weaker anticipated to deliver performance to due navigated holiday sales compression cycling to we're contain execute quarter with to third significantly last and of to continue level we was and our strong our ability to high year, our strong quarter. margin quarter a a season lower than fourth in
And I'll it that, Jeff. over with turn back to
