allocation senior Last morning, good And $XX.X increasing few credit this sheet. position capital capacity the with the I'll priorities. global have in credit the balance million, and everyone. raise the some we $X decided on and a notes Bill. begin $XXX our issuing incremental markets. facilities in morning the of we company's on in you, now to cash Thank After billion light quarter, our nearly liquidity comments billion by disruption and of equivalents capital revolving cash of
have Additionally, in our undrawn facilities. $X capacity on revolving credit we billion
circumstances. times. liquidity QX, ratio access So, confident immediate to we of our we EBITDA remain X.X have we ample end in And At navigate have debt any to our unforeseen total, the $XX.X stands billion to funds. at in that an adjusted
shareholder company remain strong disciplined through operating robust billion During the main generated quarter, program, to in exceptionally our free flow, performance. returns by committed the capital of term, driven delivering In three allocation the cash consisting we $XX long pillars.
investing to in drive outsized returns. our business strategically is First
our finally, our payout to target. shareholders capital returning Second And through share value-enhancing is supporting XX% repurchases. dividend
environment by pandemic. unprecedented we share as of have created the suspended However, you in light know, the repurchases currently
million. are support investing capital importantly, business. $X.XX in per $XXX a build dividend to the $XXX initiatives are seeing continue QX, that expenditures our we to the paying by across and million of In growth will return shareholders on And totaled quarter. to share we program in our momentum our We dividend
are online. We capabilities investments more omnichannel our customers as prioritize to our continue shopping in
per of modest XX%. to turning earnings a increase in the generated In was restructuring. previously impact statement, share an to related $X.XX to diluted last operating income QX, GAAP the very on announced of compared Canadian the $X.XX year, we there income Now quarter,
In share increase all basis my of XX.X% from growth versus to strong include an where will XX% year. Now, certain point prior we diluted QX, year. comparisons delivered forward of $X.XX, we of total comments non-GAAP was adjusted comp This the compared comparable a per and XX.X% this These of earnings the applicable. by results customers. and driven ticket leverage, surpassed the our repeat new gross up across were and average Lowes.com our saw sales direct from transaction sales as existing execution demand. due growth US expectations across rates in as and to to in strength the margin truly increasing both quarter. robust, $XX.X higher-than-expected increase DIY rates pro XXX% of robust with customers. SG&A well billion, were QX quarter, as remained sales, sales an meet geographies and strong growth XX.X% broad-based customer XX.X% prior on
announced our the the pro of product investments in were pleased see pro, in QX. particularly for growth all the mid-XX% Given customer offerings to for previously we and service
work, as discretionary also away for possible. that school families, maintenance from share shift the clear strong place Our have for and for during XX.X% safe in driven XX.X% spending, delivered customers quarter, Throughout work. other quarter. we projects of by important and wallet comps seen and functional many we in promotions saw US that shifting demand, spaces for in July. as multifunctional homes a despite home strong reducing It's to note COVID-related significantly quarter, It's with residence. become and to monthly were the into these strong the repair forms June May, as on We've make their XX.X% incremental working comps homes throughout
and Our strong across of pro of across an areas Month-to-date, sales August quarter, sales points in resurging. with In in we comp see August, trends and COVID-XX XXX response also unprecedented the sales in note, country basis DIY the execution to customers. sales to strong the demand. performance trend where of service sales in Of was margin levels had materially are strength been continued XX.X% levels. delivered benefited US from remained broad increase to this second that July's consistent strong July, based excellent we've our experienced with trends compared Gross of both stores strategies. by margin XX quarter was QX, benefits rate substantial operating LY. XXX points, a $XXX associates, $XXX frontline contributions. XX and second despite assistance The benefits. point programs for COVID-related Favorable SG&A Gross points from our in in in approximately pricing company in XX.X% to million other drove of related promotional of product $XX of basis improved approximately leverage million million These improved mix XXXX. the approximately million improvement charitable cleaning a included investments our expenses. basis financial sales driven improvement basis and safety-related and also over $XX
XXX our and prior-year of levels to by compared tax $XX.X effective the essentially XX.X% driven meet both as points with operating was related operating basis throughout XX inventory to the leverage to worked of occupancy expenses more rate Adjusted supply sales, XX.X% basis improved quarter. the by leverage margin points. demand to basis expectations income points, year. billion, XXX by payroll in of basis than points was robust sales leverage XX advertising leverage COVID-related sales elevated and the points, and employee volume leverage At improve flat negatively $XXX chain insurance higher basis was The efficiencies, basis offset of SG&A operating million customer of points, XX this prior of While increased and impacted line efficiencies. store with XXX of consistent
Now before I close, business let me XXXX outlook. address our
our some unusually provide half the outcomes unprecedented of which said wide I'd second limited visibility results operating have environment, suspended we, In an indicated potential guidance. year. into on quarter, perspective this range other the last the of our for like financial to business As performance. Having companies, I we trends, many like future that, in
offerings First, that invest DIY from retain growth consumers improved we in to still top allow our homes. is that remain pro and line us service customer we product their somewhat demand will to Further, new and to as expect expected expect will strong customers. continue although moderate QX levels, our
third that patterns in revenue natural the and smaller sector. keep are mind Now demand fourth improvement typically given the home the of quarters both quarters,
remainder we the expect to levels. of activity prior-year return the modestly, that promotional year, the For but will will increase not
as be we performance We move will improved as XXXX. prior-year harder comparisons sequential lapping margin our gross through also
we XXXX such, to expansion quarter. lower in levels second gross of of the As second margin half the expect relative
support we are business expenses stores. of returns. importantly, safety expenses, COVID-related enhanced And to that significant our will $XX growth quarter investments cleanliness our making in we $XX and million to the anticipate to Turning per we incur approximately to operating million support long-term and in
merchandising second the in for flow closing, robust Some a planning underlying resets the are weighted include CapEx a heavily our than these we of that this capital. half. the towards these through factors, still we demand on expansion year, In trends. of sector year, In margin and more billion of $X.X We're of back Based versus are chain all projects the investments. operating half omnichannel with for in in half first expense infrastructure. approximately rather strong these will of moderate operating focus many with supply anticipate investments income on continued
disproportionally capabilities, to continue our capitalize to trends. We are we so investing these our in further on business can
a disciplined We strong to to sheet balance creation. and have long-term we program, allocation which lead committed value remain a shareholder should capital
I you. now thank that, with ready for We're So questions.
