for everyone. morning, us you good And Thank Anne. joining Thanks, today.
from head additional off good to start we the tell can we on you and As and continue year. quarter, momentum as grow as into I'd second the like second look Ann’s confidence color to another we of our with half had performance. comments, continues that Bob financial to quarter some
this the grew Our revenue expansion increased in in which prior the year-over-year. & growth continued within the category XX% Wellness our the second reflects subscription quarter, business compared predominantly And which due to the continued to as focus XX% on Beauty category, grew year.
while flat & declined. Watches relatively Our in both & Fashion categories CE quarter the and were our category Jewelry Home
rate the basis Beauty categories rates XX a was categories. which Return improvement Watchers return and our year-over-year. quarter improved across Our point with largest the from XX.X% improvements was in merchandise coming most
gross mix a Our modest decrease the Fashion good rate quarter decline higher the warehouse had point was & prior Accessories last reflecting into variable we the particularly were partially the basis HD was favorable and that increases by percentage was in net with in payments system category discipline for margin These group, In improvements credit of our the our benefits were offset debt costs, efficiency sales credit We line total in with expense the fulfillment year Variable XX the pressure expenses upgraded reductions helped to bad Beauty approximately operating key expenses. our to year offset improvement. margin and maintained basis X.X% and within and from $XXX,XXX driven a compared million total, realize The reductions and that category. within quarter they our effect performance we logistics are our half expense & expense year-over-year. of by We Wellness in had our center expenses center decreased back our with stemming primary group. X.X% variable management including by XX in year, driver selling operational being continue great as management. the largest in to driven functions, the $X fulfillment last our point compared and channels went in into distribution decrease a and customer in payments into reduction last solutions of cost our seeing content group. distribution to costs our This as a a investment as year.
key content end million a more earlier, HD distribution both of remain tenant XX the as quarter. were of we homes than million our We to homes, second be mentioned Ann in including As the continues strategy. where last XX of consistent quarter with over
We in continue over-the-top are HD of as exposure to on seek and seek the and and evaluate and to to channels distribution opportunities increase we platforms continue social. we neighborhoods such number additional other
also second interest expense expense saw from last a $XXX,XXX quarter $XXX,XXX interest of in benefit the than quarter approximately less We XX% lower as year. expense was for of interest or the
As EPS. an year-over-year our a and fiscal we improvement quarter the past fourth a the year the and we million we From I consecutive is best quarter second mentioned Bringing nearly due to improvement it all XX% which million perspective, in quarters breakeven delivered reflecting over interest increase This on quarter bottom-line debt delivered adjusted since our EBITDA adjusted approximate year-over-year is was quarter the quarter, to and XX of together, a the have second is last X payoff eighth increased performance XXXX. penny were debt. past $X we EBITDA adjusted XXXX. reduction $X.X this of our EBITDA the where decrease particularly of of year high compared
second earnings best mentioned, this quarter As fiscal was per XXXX. since share Bob our
our we facility by this the the position. X.X%. credit credit the LIBOR the PNC liquidity reduces under loan X% strengthen during Among things, under revolving on balance further amended with quarter interest to and Turning loans by amendment other our to sheet, term facility our facility
date Additionally, it availability $XX July facility approximately extends by total of increases our credit the maturity the million and to XXXX. of
of of facility of with in quarter beginning interest our giving this $XXX,XXX $XX.X additional the expense to expect million of on an We from amendment million liquidity and ended approximately $XX.X availability annualized us approximately savings unused approximately the We cash quarter. total million. credit had revolving $XX.X third realize
at balance the end. million $XX.X the inventory of Our quarter end was from $X.X year down million
last time up from the However, modestly year. same
continues to Our disciplined. inventory and strong be management
including meet If our In China China options potential addition, adjusting tariffs other margin if of existing our looking out or our further contribution the working impact. suppliers to outside not we and continue similar our China evaluate to finding for outside move products, of suppliers of with products have are savings for the tariffs. impacts to rotation to the we implemented, offset taking production they the monitor mitigate to elsewhere pricing internal do exposure hurdles,
impact the we forward. to As such, on a have we tariffs evaluate fiscal year current this and continue material going don't to expect will
quarter million with million On the $XX.X the from we levels down beginning debt is $X down side, debt of than of from $X the more ended outstanding, same the and year. million which year last almost time
at third debt level fiscal end the second the the at quarter since XXXX. lowest Our quarter year was of of
cash flow Regarding highlights.
on quarter capital website optimization, solution $X million approximately to and During we the projects customer infrastructure systems. IT reflecting investments in upgrades primarily spent
We $XX to expect of range, the which capital first in $X.X the million year. was of be million to year to million incurred full $X during continue the expenditures half
million are to perspective, available tax taxable continue approximately that have to future of $XXX income. us a we NOLs from federal Lastly, offset to
affirm our year that XXXX, call. of first of outlook laid quarter we on the the we we the for that terms our and In expectations out at earnings beginning fiscal full reiterated
XX will the have in XXXX compared fiscal weeks reminder, a fiscal weeks to XX XXXX. As
and which million X% generate million revenue, basis expect normalized XX-week growth to to to reported X% we on XX-week on to For a $XXX a basis. growth X% equates zero to to $XXX
to $XX as that, for the our million. pleased for are I'm us and today. thank for performance our very with and We positioning quarter well joining happy the $XX With long-term. expect be Again, adjusted to between EBITDA million we near you your take as questions.
