everybody. afternoon, Good
to XXXX, Just returns. the years and by both the year probably By XX-K fiscal which a fiscal as bit XXXX about wanted as this little fiscal QX seen covers and XX-Qs start year. an now, for XXXX amended the for well amended off amended you've of talking QX
which since internal we to controls, In XXX, standard the been an had code reduction accounting contracts. expenses, Essentially, of the revenue our the we relating and from adopted have revenue of fiscal XXXX. our co-op classified deals promotional determined allowances, it operating we X, historically of which reviewing as been our have allowance XXXX, a auditors that of that way recognition issue code selling the identified reporting we adoption co-op year been April that upon part adoption promotional for when on should and with
and net filings. a periods corresponding any to The that The change XXX or on of There made statement operating that originally expenses than nor the returns and any that corrections selling the to allowances were in regards selling reported filed subsequently the to by filed. was allowance. income the and financial filed, -- with co-op was that sales the any only to reduction a amended to promotional originally expenses the was of reflect earnings originally change the amended per occurred other with there ASC to were no amount in income decrease of was statements co-op compliance net -- as be change as operating share were the in
quarter. be were changes have this including both results the now made, comparative of in And I'm to years all been -- So QX. review about in to made for
we is I'm what the tell So about terms year apples-to-apples. the review to We year. in prior current did restate are of and measuring you
been going I'm proceed With that the highlights. to to said, having
up year-to-date, the And promotional we do sales for allowance. quarter, Net to were less we by Approximately were Okay. with cooperative $X,XXX,XXX. $XXX,XXX up has $X,XXX,XXX.
During Christmas or because not periods, did this of we season, we we starting normally the co-op large. in were promotions A do many was in of COVID. as did to those not not There of season, do was as demand this extended, them a -- programs the plus seasonal lot different participate need high. request
and quarter-to-date So up $XXX,XXX, about we picked on year-to-date both that.
only very, $X.X if you was remember again, the additional was specific we of this this it the had sales, is year that little million increased it by difference off with transit, damaged last delay, damaged bit very strong. We goods quarter the a and an problem both We a thought year, And the would the $X.X last for that year. year-to-date have in Carpool of for shipment Our that Karaoke of year. way but that we didn't worth taking we Carpool year, Karaoke a saw results this million. finally Had correctly.
So consequently, net highlights the sales. those were on
Karaoke gross increase Our million was about also had a $X,XXX,XXX, in the -- of that from of increase. profit for the million, $X.X year. $X,XXX,XXX It's to lot pickup $XXX,XXX. pickup do last and margin quarter allowances Carpool About paid with there to were the due Marketing product. approximately co-ops went increase, margin margin $XXX,XXX up down cooperative. less sales a a from And of by $X.X of was that
we $X.X million. last were there pick-up a increased last There of was million. $X,XXX,XXX there co-ops for margin versus There increase $X pick-up year, were than of a sales of Year-to-date, were And approximately $XX,XXX,XXX approximately year $XXX,XXX. $X.X million. million was year. approximately the almost less of Sales
The percentage, yields or last a the versus Karaoke The higher almost Carpool gross do. products that product Cpk twice the profit product XX.X% year. XX.X% lot normal margin, amount
approximately the of product the we in gave of and that X.X co-ops, X were for margin And approximately that of margin $XXX,XXX, with in that, the margin. The margins. what pickup those what less in points year-to-date X an an remaining us prior increase another X that Carpool another percentage Karaoke another sold of a the sold. Cooperative $XXX,XXX, the increase contributed co-ops, mix the points. versus to points year-to-date mix items.
Year-to-date, So XX.X% product increase approximately less allowances, terms in the That's XX.X% due point X of -- contributed marketing contributed and quarter approximately year. points. less on we on X points point
Year-to-date, to to last it. about year of we from in this year. expenses off primarily that down rolled not last marketing less the its lot did year approximately a spend rollout and product year, by money million Selling this went to year. $XXX,XXX. was near that last And anywhere than We due $X,XXX,XXX it's It Karaoke $XXX,XXX Carpool it own, took it year. discretionary spent pushing of getting we on did and last to promote kind that need $X,XXX,XXX
So done all was on year. last the promotion that
expenses, had and employees, It the tested of a bouts get some in year, days COVID for we last it some challenging for a where quarter. COVID some everybody regular million year. versus warehouse, had it our some with warehouse, payroll, times few our approximately of and executive and shut Most million administrative this we down made to bonuses, for $X.XXX $XXX,XXX General increased personnel, the at COVID-related. bonuses and changes $X.XXX was that. of couple We in with
there, as incentive involved well. there So some too, extra was
Year-to-date, California space about year-to-date. California. $XXX,XXX rental for happened at $XX,XXX $X.X when There but it million year. rent off said, that the we premium in million year. renewed warehouse up coming our some that increase, We by in expenses the last a rent $XX,XXX expenses We were we approximately were X-year It did. by a increase had did was damaged okay, the our agreements goods in payroll have off of versus as of out-of-pocket was that. lease, in associated went is up $X the that with a substantially and like also We was space offset, I prior $XXX,XXX, G&A
So offset current charges us didn't we the in payroll to that increase year. any the the goods was by damaged have fact
gross the discussed few earlier. mostly as -- a $X,XXX,XXX Again, minutes million $X,XXX,XXX, to from profit, operations, million as ago. we discussed in was profit Income $X loss $XXX,XXX year. again, Year-to-date, of, million $X.X mostly margin, almost prior $X.X a in gross compared of versus
back $XX,XXX the party, we a pick-up lot year, for in of up $XXX,XXX The increased other of them expense since the interest $XXX,XXX. collected one-time new to not was our income, that related had able we situation, some were the had that pick on we sales more did -- that $XXX,XXX from deemed income did our not deduction before. the we prior Again, the with quarter, deal some us -- offset last and collectible to than to month a versus have were -- financing year. to cost net Other Cosmo, deal for we them had this off, of year. we it money written This by
million in income in income, $X.X the $X.XXX $XXX,XXX expense, you or eat from decrease fiscal the okay, 'XX. net loss, who payable that from Year-to-date, received year. another other recovery will, we in extinguishment insurance It's versus other year will, The $X.X from damaged you we caused goods last or million if if damage. approximately million $XXX,XXX approximately to concession vendor that had accounts -- net, or
from -- party. our Another pick-up again, XXX,XXX related Cosmo, $XXX,XXX and
in by expense $XXX,XXX an year-to-date. income, an We $XXX,XXX interest increase $X.X were also a million year. approximately Net things income net versus had offset almost of -- loss last those increase of in
$X.X So $X.X have of year, in approximately $X.XXX year-to-date, this net million a million. million a income million. almost of $X.X last pick-up versus we And pick-up year
one-time So to were as big of took losses last recover most see, of we year. we this those you those that most can year, able
this recovered we them fact, In year. of all
So a the flow that we're of cash perspective. this you're year reaping from benefits seeing,
at things balance end million. inventory of Inventory at December, time year, couple the of last Of a million. sheet. is Inventory, the $X.X at note, now this was on our $X.X
that inventory -- $X.X drop a inventory, very could we year, with demand and period, was very were last stay-at-home We that million the dollars' left ended more So COVID that lot positive. little probably of for of stuff excess up during money a Karaoke even this a had worth, we strong. to million this of able on couple approximately table. The year, in move
million million that currently of to We million, the stuff, almost put approximately year vendors in accounts $X.X the about payable to to $X reduced end owed use. of had $X.X period and at has XX/XX. or that last cash our good and as We
from all the So and our to last year payable, cash stay that vendors took off that of we're accounts the most here. terms with paid from in debt current we we of current generated old inventory, able
of that's report. my plenty about sales and I'm have some sure the have. successes say to So we positive, is will It very that
