This translated to 29% revenue growth in the quarter. The challenging macro environment, market overcapacity and parcel mix continue to put downward pressure on pricing, which offset the continued improvement in unit cost economics. In addition, as part of our continuing focus on enhancing and optimizing our capacity, we completed the previously announced facility consolidation initiative by closing 4 older and less automated sites during the quarter. These actions resulted in $4 million of higher onetime costs in the quarter and will drive operating benefits moving forward. Overall, on a year-over-year basis, domestic parcel gross margin decreased by 50 basis points. Finally, operating expense declined versus both prior year and quarter periods due primarily to the cost reduction actions taken over the past two quarters.
We expect this to be a re-occurring benefit moving forward. Looking ahead, our team is well prepared for holiday peak. The investments we have made in automation, technology and our network over the past couple of years enable us to more efficiently handle volume fluctuations associated with peak and deliver for our clients. Moving on to restructuring. We continue to make meaningful progress on our plan announced during first quarter earnings. During the quarter, we have recorded restructuring-related charges of $17 million and made $12 million in cash payments. As Jason mentioned, we are tracking ahead of plan and are now expanding the program savings by $40 million. This brings the total annualized savings from this program to $75 million to $85 million by the end of 2024.
We will continue to provide progress updates on our current restructuring plan. Moving to capital structure. In July, we raised $275 million from a private placement offering. Net proceeds were used to redeem the remaining portion of our 2024 notes and $30 million of the term loan A. Our next debt maturity is in 2026. Finally, we are updating our guidance. Given our global e-commerce year-to-date performance and continued market headwinds, we now expect the company’s full year revenue to decline between 3% and 4% on a comparable basis and full year adjusted EBIT margins to remain relatively flat versus prior year. In closing, despite continued challenges in global e-commerce, our consolidated EBIT grew year-over-year in the quarter, driven by solid performance from Presort and SendTech.
We remain very encouraged by the results from both of these units, and our global e-commerce team is working hard to realize the potential of our growing volumes, strong service levels, scalable network and competitive capabilities. In addition, we have made meaningful progress on our cost reduction initiatives and our expanded restructuring plan will help drive improved margins going forward. Let me pass the call back to Jason for some additional remarks.
Jason Dies: Before getting to the Q&A portion of the call, I want to take a final opportunity to thank Marc Lautenbach for his many years of commitment and dedication to Pitney Bowes. Everyone at PB wishes Marc the very best. Now we can open up the call for questions.
Operator: [Operator Instructions] And we’ll first go to Kartik Mehta with Northcoast Research. Please go ahead.
Kartik Mehta: Good morning. Jason, as you look at the e-commerce business and kind of dive into the business, what big picture changes do you anticipate being able to make to get the business to profitability and kind of up to your expectations?
Jason Dies: Yes, Kartik, thanks for the question. Look, let me start off by saying we recognize that the level of losses that we’ve been reporting in that segment are not sustainable. That said, we are taking efforts to really look at how do we make short-term change and short-term improvements that can help us realize the full potential of this segment. I’ll let Ana talk a little bit about some of the short-term improvements she’s seeing, and then I’ll come back at the end.
