Lifetime's Harriet, results. today you, everyone morning you joining third quarter and thank for us and of good Thank overview an for
businesses, As the pure retailers, other all adapt adjusting consumers' retailers a products by has by e-commerce been and are for who new mortar and the trying contrast, watching of it fast rapidly, led like play brick By companies be announcements been our that Amazon to will closing and are know, reducing traditional wholesale reading you to as until that there online enough The change, growing brick experience household suppliers but sales. which pain and in have challenging is doing buying problem inventory quarter results. and We third to of news stores, retailers, offset habits strategies. those time are quarterly us, not declines levels, to with reflected will growing think will share, our it while does, sales, a for mortar in robust well. we e-commerce and
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was XXXX. of rate And of sites and sales XX% the nine In e-commerce can, in mortar suppliers, traditional and I to the our and our e-commerce the which than we of during most more decline retailers are in brick for of offset by are evidenced we the fact, months. stores, and pure to wholesale will growth, growth beginning we quarter, the sales, believe ahead for rate that online customers, play our able traditional XX% sustain as well if
so. online afford that has know our acquisition you greater, to cannot or or many the [indiscernible] pipeline can never I of do been how as don't acquisition compete targets tell As either can't simply
sales for had our weeks in buying in certainly stores, the a of on on In number weeks of reduced third quarter. and on the they adapt retailers merchandise. the habits, consumers' our reduced hand the numbers that As to hand advanced change negative quarter, have [ph] effect
XX%, weeks even was reduced on-hand decline no customer largest though Our in there by retail sales.
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is retailers will highly that profit shift levels, be maintaining more to like expect on inventory vendors would expectation, ready Our be focused to on a products Lifetime basis. and frequent
Even earnings than the do turned Our in designed year's warehouses margin record to third period, last performance lower in income when impacted adjusted quarter, EBITDA. been rose, and this gross distribution resulting have and Lifetime's per efficiently. this share though environment changing in we revenue, net our revenue
credit sales the intentionally organization to In limited up sales to this through in Lifetime simplify implement for period, dollars, Next, in our some worthwhile steps, to strengthen due certain Year-to-date, and net growth. to were our retailers year's constant concerns, and X%. approximately addition, we program but expensive
margin gross share the earnings $X.XX to compared basis XXXX Our $X.XX as rose points and XX per were period.
an currency have the adjustments the are settled contracts as purchases we course Pound our impact. related versus loss are unrealized foreign of quarter. only loss financial business, currency results, forward in include adjustments and mentioned the of a morning's in foreign the not to expected compared of a amounts reverse, As $XX,XXX the XXXX XXXX this for contracts, British to will Dollar in U.S. the permanent $XXX,XXX These therefore ordinary also of mark-to-market third release, to represent quarter The of economic inventory.
Excluding for consolidated highlights that in the the by With quarter adjustments, let's background, year. XX division. EBITDA was the XXXX, months ended September the this of with review adjusted mark-to-market prior non-cash line XX,
at looking we approximately the would same have quarter Wholesale as the the sales been credit were for of XXXX. U.S. in total our we reasons, X.X% the that shipped third segment, our Had held First, down sales by orders quarter.
ship of to orders November. those able were we most in Fortunately,
XX as areas was of were margin favorable by more up to good There a mix. Our for points, due gross basis many us well. strength other primarily customer
the strongest acquisition product older profit quarter, us XXXX, by remains discontinue us of was with business lines, we this sales in Our have enable in and afforded small limited though category. kitchenware opportunity and the business a potential. business some Even to flat used our to the
the to face us this, being number As a the of on quarter, had in development continue increased challenging products, minimal we sales. and Next offer that we leading focused of company, that net on amount SKUs Tableware accomplish inventory still potential, reduction our to lower offer, time, of declines level, per we products can floor increasing reinvention we Lifetime a dinnerware. department profitability. stores allocated next the in SKU, as to the the and by at we space, year profitability believe will part while of result greater be same offer are The and of profit the more considerable over the much
X%. note business important ago, I was to years department today, figure of think stores, XX% it's XX approximately is that at our that to total while
impacted only amount to of although In month, our addition, although deal a in Puerto our amount there Silver disruption. our Rico, employees, lost we Hurricane operations are with negligible produce and where flatware. was of they Lifetime's Maria damage Sterling for an a power immense thankfully, facility and had safe, all
can. now and bright products table to Floyd to as and operations of Our the fully was we and ceramics, in very Floyd working restored, attributable from range companies are of our we the plus and specialty storm, Lifetime, are with operating independent a to losses retailers. Fitz done gift everyday much acquisition recover lines. decorative functional acquisition September. and One they well, year. with expect number we the sell-through continue tabletop the months and Floyd our has Fitz accretive be to centerpieces, its In own, this seasonal of mirrors very and the as brand in spot Fitz distribution to insurance
Tabletop food overall We a third in home even are pleased gained number of though to that long Fitz trendsetting business, promotion the price new and that order eliminated décor the term home that although our patterns. improve place and Sale we includes up décor penetration last through business, and shifted our home In impacted were a essentially and of products, the wall took our décor, spring hydration and in SKUs. [indiscernible] Baram, Floyd's President Even Steve solutions Division. we head to of this the lunch styles which year results, year-over-year, XXXX. profitability to channels, large quarter, hydration year's bags in CEO
retail, As ship. to at the business décor unprofitable shifts wall low to internet, pieces large become
We have realistic extremely flame of well proprietary with business are LED selling at that retail. line candles, a replaced that
our million, as international $X.X Brands slightly Europe, solid strength in now of continued was in division; to Lifetime constant Turning in tools by tabletop. down were and currency, channel, the kitchen offset sales by weakness performance the net by e-commerce led gadgets,
single, moving platform. Lifetime account the and more completed XX the initiatives facility, hard through program, this Next force managers the just the is improvements work have The opened product comprehensive by customers SAP will the now our end that Similarly, business, over of lines, to are mentioned of various new are with our to distribution we beginning. all enhance of be a integrated based consolidation our businesses two a a many part consolidation before, teams, into of XXXX, in streamlining of moving sales U.K. Lifetime's and five realize and combination forward As expect of I warehouses national including of efficient Much to new system divisions. tabletop year. and already has rollout sales the project to the facility, U.S. U.S., kitchencraft in to we with management moving steps, relocation including our of ahead Coast of operations, and West very
market, quarter, us. optimal fall, In resulting safety products, important an technology of and under of focus brands. that The the chemical cookware cookware of bringing to and dishwasher SKUs The robust use that's It's of described products of level past believe fourth even part in began dishwasher period better Next, a new to rust always iron the in expansion cast the of the not initiatives us has contribute kitchenware the lifecycle and the resistant coating. important manage launch new the will a have We is in safe include and metal free an a strong capital. the been also safe. quarter. uses Lifetime the cutlery of which working on to new late offerings, As I to for development look we Mossy utensils and Sabatier of enable more higher forward value Oak our will pipeline calls, we system, which
slicers, easier kitchen cook's to and citrus garlic fruit home also designed food expanded cleanup use name gadgets, have to squeezers can and pressers, help few. of tools just reduced and including distribution We openers, tasks [ph], to a preparation
are to have we college Fitz and a Floyd makes the that is microwave, we change we an this to retailers. electric The and what plans grow collection, new accelerating to students. business retail for share What We families have hot both while doing. e-commerce in adjust our dogs traditional added and grow style need Edgekeeper and so our and is, retailers, ability product vendor perfect pending to collections, do, don't We in actions, with knife at [ph] it holiday what is and market profitably it. climate sharpener that's is the greatly environment, we must patent can our exactly growth which
to great be the many In seen We at the reduction last. on most SG&A and and also the changes is of but happening need margin first improvements, my it's now, Lifetime, it's not probably improving tenure cash What's profound, have not to flow. I focus retail. going
ourselves complacency. company, a to prided strong have There but fear there of fear on a reinvention. As to reason long is is tradition a change, no we reason
for adjustments are quarter optimistic and some Larry? updates the year, Accordingly, difficult. environment to Europe his year. final is our the performance the in section. provide retail have America in we we North in guidance the Larry made will the While company's the on of
