joining morning, we of Thank will take discuss our Good overview for will of your you, the next Lou performance an in the take financials XXXX detail. Anne. you more for everyone. of our Then third year. us. minutes provide the expectations that, discuss the our Sally quarter I few to and After for remainder questions. Thank will
results. pleased We our quarter were third with
returned As quarter. to compared third expected, to year's revenue growth and X% increased last nearly
lower basis XXX by price and XX.X%. costs by to expanded distribution offset costs. margin points and Lower profit gross product Our was lower sales warehousing average
SG&A. million the margin the quarter reflecting third XX% gross Operating in $XX.X flat of and to compared to profit million $X.X increased expansion XXXX,
the results. flow. net working Sally improvement We also will and capital in continued free to significant cash actual discuss deliver
small a our softer X% by as of in results. a of increased revenue across as demand increased revenue result to retailers. the revenue in America key appliance U.S. distribution markets and last and category year. markets, markets kitchen compared and overall increased our decreased In consumer in Latin our Revenue Regarding result -- Mexican market, our approximately Canadian
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occurred sales U.S. Additionally, and markets, the in industries in international the decline performed food hospitality while sales year service current well.
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gained We and will also that market in XXXX. share in we have this fourth quarter benefit expect the us year
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we strategic growth. reminder, a have As to drive X long-term initiatives
The innovative, of designed initiatives expand increasing We have are American on flow trusted are portfolio that focused of generate our leading continue we expand progress to and sales make drive Across products higher-priced, in these core to North to strong cash continued initiatives with our market. revenue time. initiatives, margin over higher-margin our growth, brands.
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We the to in XXXX. continue expect momentum
Let summarize me each briefly initiative.
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Beacon this and has entered system experience ultimately caused framework Health for squeeze. experienced pressures As difficulty. financial Health statutory to market, in they to companies a the Beacon Beacon Health Friday, delays, deploy Irish prepared to Last financial examinership unfortunately, restructuring cash and
into has pharmacy will facility examinership, a million Beacon to which orders, operate. during our approximately $X our or we up Brands stabilize to which Beacon Beacon is specialty make operations to Health the to existing current and XXX Health a days.
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market. how increase to turn our in to leadership the commercial are let Now working global me we
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continue We commercial chains.
In with our of XX% global accounted and increase our the XXXX, revenue. products to sales our regional of total relationship for
increased commercial hospitality significant is businesses XX% food as XXXX engaged restocking. in products industry sales the of and post-pandemic Our in in service
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American Proctor our market. continue expand Beach we invest we flagship Silex to the U.S. unit continue of in to brand growth driving growth markets, Hamilton Beach our brands Hamilton remains As core #X in core in into drive and North the of new the the brands,
marketplace. as traction Our has gained simply the Proctor rebranding in of better Silex
to and We sales the for digital e-commerce from the for all the months serve, of accelerating accounted year, we this continue X e-commerce sales investments in significant of marketing. period are year. well-developed XX% total same of benefit our XX.X% transformation our markets in the Through capability last our up first digital we make
growth, are trademark of in agreements, drive additional strategic In to to of organic growth all we and licensing in acquisitions, also markets. and addition leverage the partnerships actively to acquisitions our we pursuit alliances plan engaged
are come. For well increase these we shareholder we results to positioned years the all and in believe to deliver value reasons, strong
me some XXXX. about by early thoughts Let sharing conclude
then environment tariffs, variety our past disruptions a have following working historic pandemic-driven the years, and normal of costs. the environment.
At surge transit chain that across such the wide we remnants has returned to extraordinary due suppliers to through an in however, year, supply factors team times Over product as most times still this of time, lead spiking container through few normal. and to have returned demand, strong managed and were operating this Early
retailers short slightly challenge demand. in the levels. levels term year. The is point-of-sale down inventory expected retailer and are are pre-pandemic the but Our understanding still above consumer reduced their trends on-hand biggest this earlier
to While are slightly lower XXXX, our now receive expected. orders that continue over increasing is we revenue than
the near resilient will focused brands. regarding consumers able favorable Consequently, remain remain are to are feedback been. and At whether to products be retailers in same term. on we have retailers and retailers from about Economists they as excited the cautious expect we time, as our
categories in investments as our shares many brands, Our leading well innovation are benefits. all our as in
finding are in XXXX the of We our process plan.
expect Sally. discussion over more we when results. We regarding to outlook turn And provide will now our our for our I quarter fourth next details year announce to
