This here being and with call third joining we're Tim, for implementing you We initiatives growth. our business our position results and recent morning, future discuss the cover Thank accomplishments pivot for today. to performance our appreciate with our morning and of us BXB the everyone I'll good the XXXX. our on to you, to progress quarter along
traditional our by As in our largest our morning, BXB affecting and to impacted significant both conditions in below quarter some results our customer expanding release strategic our categories traction, driven on you the macroeconomic we in our challenges negatively of strengths, highly retail activity core high competitive BXB expertise key our BXB compounded what our pivot.
By we're accelerating our Weak further press making challenges, back-to-school primarily can proved our BXC Despite sectors South. in see where hurricanes resonates. pivot operations influence this season. division's the gaining our a adjacent channels and in leveraging industry during were major progress This contracts while in securing by service in and in our expectations, are also areas performance. these business value demand be third was
to regain efforts in and segments in our helping future. these position is be progress momentum the for our time take us market now fully pursue would to it Although growth high ODP reflected sustainable, and results,
focus accomplishments provide points key for quarter, I to forward. our we few Let results about more our me then as will a and insight and highlight the and move third strategy
the the Office efforts retail into were Depot, and industry, factors traffic the macroeconomic in traction. our by demand performance consumer spending back-to-school impacted overall This and creating our The us. prioritize ongoing largest challenges.
Overall for priority. to competitive where in was conditions in along wasn't compared while BXC headwinds budgets X%, year, food Much a changes faced I was energy our consumers very amidst unique mentioned, lower quarter to impact demand rising declined revenue regain mentioned, their back-to-school down due and season demand impacting the costs. felt I to of during last to As similar challenging challenging about with industry division,
activities, hit Additionally, surrounding that the and our largest major markets hurricanes disrupted store temporary caused customer communities. closures, affected
Fortunately, safe. our are employees all of
period. Business still However, to including segment, conditions macroeconomic as the reductions, continued our level highly being fourth business affected impacts environment, restrict we during were entered a BXB enterprise the felt quarter. workforce Similar challenging competitive ODP spending Solutions.
The
growth and increases key bright. executing a history Veyer it we indeed strategy, Veyer, BXB investing very also long while new, last weeks While of exciting on have confidence in Furthermore, cycle. supported retail continue the to wins. by see And opportunities of level line technologies new in chain is several revenue on have we're Veyer new Gartner their we customers still built a which its partners believe this we service brand, business ODP supply a do giving attracting over seeing few we reached its the capabilities into and business, converting and key traction, we're healthy progress is to minutes.
And pipeline and we've have servicing across external throughout leverages More in the that XX% more regain stronger both supply largely they tech Veyer, pivot is consistency future up advancing trends its of that our the execute come revenue, as represents driving quarter, over year. successfully Daily much the of have shown and stronger integrating customers. excellence the yet top growing the and stabilized. past significantly about levels. Magic to sales BXB us third-party roadmap, chain Quadrant relatively for in bottom great modernization
are securing was new our while it quarter for overall, So and on progress a wins. the business, we challenging BXB business pivot making strong
perception partnership and space, Despite accelerating some evolving pivot opportunities this Let me last traditional Unlike retail a chain, business, move base, X. balance as are thrilled retailers, sheet is key BXB one dynamics built BXB leverage sustainable the key and comprehensive pipeline lies progress, shown offerings, to And Business and allow to to announce contract, to progress drive this and our EBITDA we new to and strength customers. Solutions the value Slide e-commerce largest BXB of business as provide only BXB. national flow momentum.
In utilize new can division, regarding business new This consumer we in enterprise supply $X.X years. today, is forward. cash points our we're robust significant win and true wins on our our strong making our strategy excellent over XX extensive year of our over highlight our some of customer compelling a to nationwide in asset a This history. platform growth. base our and beginning major distribution, new our in up Recognizing capturing contracts XX worth billion ODP period, we're representing proposition, to company expanding, we the service will building
of not time, will While future. new when we're name provide the this at disclose more to we customer the able the details appropriate specific in
opportunities growth our and changing segments. higher transition Solutions We the and are alignment Business pursuing strategic win this with objectives, growth within onboarding process.
Also adjacent actively we've for begun already industry in division we're excited ODP very and in ODP, about trajectory
we're strides and categories Specifically, go that this and significant I'm our office industry we're on report long-term segments area, offerings, that to beyond building relationships supply relationships our new happy resonate. competencies making forging focused distribution and service in in traditional where adjacent product core
The strengths hospitality customers showing our In industry. distribution, this promise meet and core of and targeting hospitality an industry growing areas match and supply, and of large space. in in the is the fact, is service great market one are that requirements excellent the are reliability is a and we to needs segment
proficiency, excited in an pursuing our and to and in distribution as attracting to supplies, excellence.
We're it and this our service our very our third-party about momentum supply BXB customers. chain commitment BXB are growth new ability to by supply We office supply our segment spotlights important beyond products step evolution industry and Veyer, also strategy our at gaining marks growing business continuing execute chain
of a already e-commerce social season. into chain customer contract deliver essential distribution one pivotal deliver resources to to onboarding their services further our in chain warehouse companies. this companies but been to poised is during products in upcoming growth size, also only relationship are supply and of has date a serving fulfillment not additional This recognized focused ODP, and the services integrated on in media this the centers, pursue positioning their us largest record brands we in world's most the for The represents moment excellent are known that services internationally holiday for for exceptional service feedback time. significant to major and operations. some Building e-commerce invested with success, won We recently support their online supply recently providing Veyer sales.
We've
for So business positioning ODP adopt operating pivot, making growth This growth.
We're component benefit And of and outside Varis division. ongoing our our in and any to future future simplifies us the to successfully to of we've which review meaningful the strategy also allowing the segments. potential assessment a to encouraged significant completing business the transformation, our Varis structure retain future. also commitments valuable BXC minority stake a our pursue with of we overall, by streamlined as capital in comprehensive industry we're the ongoing strides this by operations the new sale BXB new capturing Board, business removes from to action our ensure of optimal model transaction includes while
years, in continue have to life to of business. X than an the significant this our which just our store store lease flexibility less affords us footprint with strategy We opportunity average optimize evaluating retail business
new positioning making drive to pivots, related flow to our securing and industry competencies relationships into excellent core in cash excel, EBITDA where in progress the segments we're future. all developing our So sustainable expand ODP business,
drive in Next, and we're line opportunities investment BXB these growth. to accelerating our top large core capture resources
a returns.
And Our at talent, on the use Business for operations, generates offer invest our and capital Veyer areas with BXB We're and BXB capital in growth. improve stronger both the of prioritizing initiatives allocation investments investment. growth we these the and excited this we return We're have the Solutions, our opportunity that very strategy enormous goal in businesses investing offers business growth, on invest to positioning highest best believe that building and focus into for highest core our to an remains of sustainable trajectory. in foundation future centered to as technology
Given our the substantially value our shareholders. reprioritize believe We pace share into expect we plans will approach our investment core repurchases. our this of allocation growth, to long-term to drive maximize to reduce capital for
accelerating the as challenging future, we our challenges, BXB near-term accelerate guidance have macroeconomic we and of year-to-date environment, backdrop business for the to our against have despite attractive modify our an decided we investment the our our focus. Additionally, operational to core performance summary, in and core XXXX.
In leveraging strengths path
taking While our profitable time already these BXB our regain seeing reflected is it drive We're in progress making building prioritizing our and we capture opportunities. in more investments meaningful sustainable progress to foundation a are traction core to business results, future to be in future we're the for to growth.
to and excellence will to that, the committed operational confident focused, Hood. drive our is long-term Max team success.
With over Our in call I turn