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outlook. the Turning to
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over value to headwinds GMV expect from third growth, a $XXX,XXX, and of including several handbag high-value order that we While over a of for the continued we X% temporary sales. we a conversion XXXX, we had also average lap order quarter record a million purchases. rate orders jewelry record intensification quarter see In and as high-value improvements anticipate of sold for $X
GMV. Historically, orders account X% to $XXX,XXX of over for X% total
the We to expect nature these be quarter. pressures onetime to in normalize and in fourth
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XX% sequential Lastly, adjusted aforementioned guidance to XX% and margins headwinds. the to reflects basis revenue gross in EBITDA the due temporary lower range of margin seasonality AOV on a
planned And mailing we due expect to expenses backfilling hiring semi-annual our that sequentially, catalog. and increase and modestly open operating roles to
expecting XXXX. we head However, are count net in minimal growth
Lastly, EBITDA conclusion our items in of regarding benefited quarter, tax as adjusted and a favorable during second approximately onetime the reminder, the a audit. $XXX,XXX lease sales from
Over the reduced margins have we few our gross past years, meaningfully operating monetization, expanded expenses. improved and
another as growth. marks milestone resumed This we significant quarter
quarter-over-quarter adjusted the represented rate conversion quarter EBITDA growth third consecutive to and as public order of buyer our growth, margins a This return year-over-year company. best and quarter a active growth
working. These developments strategy show is that our
committed and further to progress improvements. meaningful making are We driving are
goods gaining market, luxury share and discretionary and optimistic about challenges high-end market for While are home our are the we remain trajectory.
done. team's operator now the and will support confidence to our dedication questions. progress continued deliver appreciate our I the sustained in Thank the We forward on to us turn quarters. over in work gives our profitability call ability take coming There's in the be still updating you. your to to your to and future. but you look growth
