joining Thanks morning good for Thank everyone. and you Maureen, us.
I'll results on progress our the today strategy. Monroe on get a update an quarter followed we've by started with third of overview brief made our forward
year-over-year In November, difficult performed and the by X.X% traffic. the beginning third the we against X, Slide ticket As October illustrated on down comps well in year. negative in quarter offset higher prior was comparisons of we as reported
markets. during month. store end with and down November X% continued conditions our slowdown the across the December the core sales conditions January our weather in comparable caused These towards northern have Mild of into
not do like We weather. the talking about
impact business. impossible has However, it on the to our ignore is it
quarter, While we control. executing are not against well satisfied this areas our with the financial we are results our within
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committed are circumstances. to us the strong results, position the deliver to changes necessary matter organization making across no We the to external
our Moving more category on drive performance and offset our the higher strength ticket category. were store are tire by to as in in quarter, X% normalized further to tire this third pricing year-over-year by we strategy in retail quarter in refining We focused tire a sales experienced our was largest volume. year-over-year decline down comparable on
Importantly, we're enable on XXXX, track I'll our more to sophisticated the approach first more quarter fiscal dynamic will tire shortly. on this pricing details category time and in beginning a provide and of roll to real out management pricing. system which
saw categories, Turning conditions in front our outperformed expected alignments we we while last the comparison mild Overall, faced northern X% service our difficult to falling a repair in end were year. declined weather decline a the year-over-year. quarter flat shots maintenance, we X% this brakes markets as In of were X% markets year-over-year, and winter our short down given region. in and southern third
quarter revenue $XX.X from $XX.X acquisitions. the in New including stores million added recent million during
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to action from last and that issues drive quarter our transformation corrective took identified improved arose We results.
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store we format oriented tire without revenues. rebranding banner, to demographics increase this type are tire stores to where a sales sacrificing in select Additionally, service targeted favor order of
locations at stores, first fiscal group, of Rochester, stores the as half finalized includes market. and includes which New as of XX in York, southern we second XX well During in which Mid-Atlantic, by first group XXXX, our transformations the the
to this scale acquired forward stores During of and the the XX transformation across markets, continue and quarter, four with our move XX recently in California base initiative we third stores. our of
Tire of XX the California rebranded We awareness our transformation completed stores, and stores, higher choice the drive to Centers Service for have Auto being completed banner under has which are tires. substantially our
X, Slide additional to our I'd our as base. transform strategic context to Turning regarding provide store like we some rationale
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are taking market. brand our are As versus stores, model well leveraging that rebranding of regarding making decisions reimagining we we account as equity in analytical as into
the can at we far. left the you of Looking made bottom so here slide, have progress see the
our portfolio. completed early of of We much out XXX are very innings in with stores transformation the this substantially
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will of approximately end focusing the on of the this year, more recently the in be ‘XX. starting our we're stores of completed To fiscal acquired stores, QX transformation transformation of while California FY XX that finalizing
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this of stores data performance quarter our transformation. this This stores comp had moving we full speak that performance their completion includes Importantly, of a will how of only following to forward. transform the is
and As optimizes can in stores. awareness our line brand when sales rebrand our see, our with we without significant sales This you our sacrificing service shift and tire we expectations, see increases a revenues
slightly opportunity northern this are which mentioned strong benefits The in have with mild a portfolio. streamlined markets, by the the the impacted clearly earlier. We have down, our as these been stores believe were that highlights were we weather that and come performance located reimaged conditions brand I
pleased of they recently and a we given that But XX with with have quarter not are the calculation, not post in The strength early full and yet. these completed we're included had stores this results. signs stores transformation are seeing
while that this impact to base, to important out sustain seen have stores this initiative. today at still go we While roll the to a completed the program performance the of transformation tire we've our the have underscores
that remainder are of we and my X Slide initiatives, critical like supporting our the will our priority, to top broader strategy. I'd which focus to Turning the Monro on believe initiatives be Forward to discussion
overall towards customer IT third better is us more our of the new a will right This our locations. the consistent infrastructure and customer system, enables strategy began experience. technology, our digital allow step In all of phone improve X,XXX track texting This to at approximately conversion. quarter, we art major a including system store and modernizing new which infrastructure state and the execution, phone improving
quarter traffic fiscal be end allowing Our will our system store to to by the phone to our the XXXX, us leverage first which be critical of completed modernization driving new stores. infrastructure of will
optimization is the priority of for management. category entire us our Another that
of the We software fiscal new are track will and year this pricing be we end expect our operational. on by
will critical to us to allowing this driving refine number assortment dynamics, one better at expansion demand into believe visibility long-term execute We be improved our margin tires destination and any by become point. our the providing price for to strategy
is there pilots out ensuring cloud-based lack models understaffed our on we model time scheduling real we demand. year cloud sales store overstaffed our to or are and and be not labor visibility Finally, more end. losing us of by will effective help into via Gaining to when the track strategic, are roll right a
expand quality University customers. Regarding who program our out order main implemented playbook we in content. enhance operating our experience our and provide that have initiatives, continued We've team ensure to rolled Monro to five-star procedures of our also onboard all our trained training to is everyone the and Monro joins teammates course on mandatory two other the our to to a
cornerstone Monro Moving the acquisitions a are rollout of remain we our strategy. on to on of growth Slide X Forward very while focused well,
companies announced position four Northern During Vegas, further companies, locations that Idaho, in the in as Western we in XX of our and California, previously growing stores the nine acquisition Boise, closed with States. three two Nevada, as Las in quarter, solidifying the one include United well
well Monro benefit this to are Our the sales, of share. national million tires. add approximately a from high to represented region presence which new The is in service Nevada concentration consumer market potential allows in us mix acquisition sales and of Idaho and long-term XX% better service, accounts, shift as and expected in in ride XX% this to as states annualized vehicles XX to
annualized per expected in sales million These to service XX% tires. XX expected California diluted are XXXX. collectively fiscal in annualized XX% cleared in Overall are XXXX fiscal million sales. announced to to diluted to mix acquisitions represent share in XXX acquisitions and be represented sales, acquisitions approximately and in earnings add of The expected
industry significant into signed to attractive are well with our consolidation. our have We our execute positioned markets believe in currently to geographic on leadership XX maintain believe us very NDA XX stores, expand to a will from operate fragmented to we M&A footprint We opportunities continue pipeline regions. for in targets. position further with of robust we we while and opportunities we continue attractive serve, allow to underserved And ranging which the over five
and continue including standards our to execute Forward acquisitions new our efficiently. more expect initiatives, new to and by Further brand operating procedures, effectively we Monro our integrate
one Greenfield third store during quarter, openings open XXXX. location seven to Greenfield we our in Lastly, bringing fiscal total
on right business. success our confident the are we conclusion, track we in In are future drive to
innings early a growth. the a platform significant of transformation in company in result sustainable, are delivering will We of that capable long-term
to results move our linear expect we transformation. do as the nor we yet, be there not are We through
are thank our the making committed I'd necessary work for drive to corrections shareholders our to continued the our changes areas when necessary, improve and the well control. their well exceptional customers like in as to execute within We as business, course support. appropriate the strategy, team their entire we this at Monro for as and against executing
With Officer turn to and I'll additional third Vice D'Ambrosia Treasurer, Brian performance our detail financial Financial over call Chief the fiscal that, quarter provide President, XXXX Executive outlook. on will and our who
