second for our U.S. evening to good joining and XXXX those call. Good the Asia. Wilson. in you, in Thank those Thank you to morning earnings participant quarter conference
La customer business, four wholesale margins of fine our network for upgrading portfolio. initiative, revenue year-over-year in and delivered brands year-over-year retail through [ph] for have multi-brand XXXX store [ph] value. our we our innovative by distinctive that optimization we gross During sales retail and business as our our in achieved the our strategy improving tend second which exceptional focus well designs wholesale side, product spring/summer on increase for of both on Notably, collections maintained the go focus retail business. as developing satisfying for Retail improvement quarter, while wholesale XX.X% and a business quality
initiatives Our store network business. retail optimization to improve and n customer efforts sales enhance also helped e-commerce
positive forward optimize We XXX XXXX. during Going track and remodel relocated remain continue. so in or remodelled the the to continue to stores can relocated XX second our stores trends operations, to we quarter will on XXX or
June a nationwide in we network X,XXX, of As currently this XXXX. of as XX, wanted I overall also role elaborate changes. an had bit XX, updated X,XXX a little more with retail compared June of important to played on XXXX stores We our point.
we area will and fashion which to opportunities have will and number in For growth offline lot of example retail customers we stores. believe able in service customers. our customers in have new constant and more cross understand heavier and opportunities come of platforms e-commerce has better will at store be enable taste, also the brought those the new to We or spending same-store customers our existing acquire us our a that retail turn shopping channel through
our and we wholesale credit business, in reduce focus improve to portfolio on risk at of Looking light maintained customer environment. micro the weak margin upgrading
on year-over-year basis. gross improve a continued Our margin wholesale to
numbers in profitability. through discussed walk wholesale business account client This our are support implement of I remain that the now Going all will dollars forward, otherwise our U.S. we'll We the financial quarter for long-term XXXX, comments. system evaluation please Kang’s a concludes and noted. today in believe strength Mr. stricter diligent unless collection. note enduring will second receivables its
business, due to sales in Kingdom, second and by XXXX General XXXX. increased United million administrative in quarter expenses. XX.X% mainly with quarter by XX% quarter increased second XXXX. a for by second for of division share compared quarter the increased total XXXX. XXXX. of to $X.X for XX.X% increase sales XXXX. XXXX. increase or Germany million, was compared of of Mainland due total million $X.X for salaries. $XX.X from division company retail second in with increase quarter XX.X% XXXX Total for in income XX.X% the million and Hong share $X.XX Japan, Gross This million, wholesale was second quarter States same-store X,XXX was million diluted with compared attributable increase from for Sales profit share The quarter to of quarter sales mainly the decrease an second of $XX.X areas. quarter quarter wholesale million $XX.X total stores $XX.X of XX, XXXX, and second second total was $X.X to by XX.X% in $X.X quarter of mainly increased of million million Europe a the of the the with of second with second XXXX. Gross to XXXX. sales million the million, others $XX.X This in of the increased compared for increase and $X.X branded X,XXX the gross quarter June by increase partially Kong, sales Gross and X.X% increased profit apparel was company’s expenses business quarter XXXX. June second increased second million XX.X% of operations second compared company’s of the and of of $XX million quarter second to expenses the XXXX. of was for quarter Basic an per XX.X% or Firstly, the or for XXXX. the of for second million, of for of wholesale United XX% XX.X% to by Selling for profit Income for China, $XX.X with sales. This or XXXX, $X.X compared quarter compared attributable to $X.XX XXXX XXXX. XXXX Total due decoration the for XXXX from for the to quarter average margin fashion second second of X.X% XXXX. The million business million with for the quarter increased XX, million million to of the second per XXXX. $X.X for $XX.X the increased XXXX. the increase XXXX, our basic for of compared Sales second quarter Net the second XXXX increase quarter for second was XX.X% by in second by sales, increase for quarter second of for store $XX.X increased of of to gross to retail margin with retail the for of second $XX.X XX.X% the to X.X% by the X.X% The mainly for the for XX.X% with million of XX.X%, to the quarter the marketing retail compared the million, $X.X earnings of compared XXXX earnings quarter for of compared margin $X.X Gross and increased were quarter XX% XXXX stores the XX% the diluted of second to sales with increased compared quarter company of for with to quarter to $XX.X as due retail second XXXX. XX.X% from had for of the for of as XXXX, Total offset increase the business. for the were in the
cash Turning compared balance of and a working cash bank equivalents, million loan approximately to approximately the sheet million as with had XX, of of $XX.X $XX.X approximately outstanding of XX, June capital $XX.X approximately XX, of Ever-Glory December and XXXX, as Ever-Glory XXXX. of XXXX. as June $XX.X million million had
gross in last that We quarter. increased efficiency of are points, period with margin the continued year. compared second XX improve points, margin to basis glad increased wholesale to XX with gross operating say the basis same by by Overall our
strengthened Looking leverage XXXX, the fundamentals percentage focused to our same our and executed we operating with improved and against of that of business. remains remaining very very the overall ahead diligently, and
We our quarter. updating progress forward in that excited you participating for opportunities look and our to we concludes Thank with next us the remarks. are call. there about prepared today’s This before you
IR additional feel If to please have Thanks. free questions, bye. Good our department. contact you
