for Good quarter joining Thank thank Brands today and morning, Lifetime you. XXXX to discuss everyone, us results. you third financial
with plan. strategic as continue X.X to we pleased the third executing of growth earnings our quarter, performance Lifetime are our We in quarter make strong and which marks sales another on progress
are capabilities share. has us These and including us sales initiatives, U.S. sales. and this supply Our managing our consecutive core of demand experience efficiently have which advantages, with our U.S. our gain made I to increase ability increased Lifetime's transformative demand to have initiatives, competitive increasing emphasize demand operations. and continues household to our progress our allowed would out business, to many like our market take results consumer well the in our our opportunity X.X% market and and business by to year-over-year to of our important us we of category, to combined the building fifth continues this categories to marketing which sell positioned kitchenware the effectively meet tools. reflects across gain digital product of a This quarter we continued pleased and deliver driven that strong is given our in for and contributing execute drop-ship strength, growth, net by quarter products high products products, which channels most into. increase chain, was in we led share show
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this used drop being the Our to by comparable quarter retailers. these increased experienced ability market approximately year. for year-to-date share nearly been demand to for in drop channel strong drop the Accordingly, XX% XXX% shipments quarter XXX% the the has for XX% prior our approximately to capture period. total for gain compared the provide versus last shipments revenues approximately in and shipments, year the Factoring period e-commerce year-to-date grew quarter and and the
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have Consistent expectations, to Europe markets further, with and reopen. business. international our continued operations our to end as have Turning in stores recover stabilized
capability drop capitalized in also Europe. our investment, have warehouse which ship increased We has on our meaningfully
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Looking benefit term. in in ahead, Lifetime to initiatives will we that believe growth we the long invest will continue
the have pandemic, our enhancing out our international our Specifically, building by digital the to have launched global progress of foodservice KitchenAid expanding four and launched the Alibaba's Tmall, e-commerce we to challenges make capabilities, and created directly brand we consumer we continued in We and our business business. these commercial focused brands initiatives. recently internationally. and invest Chinese on recently the Despite important are on through popular growth
their with demonstrated end strong performance In that current brands consumer and the continue to have resonate we addition, the invest environment. in our in
Turning business. to our foodservice
potential remain only open, the in to remain it are we hospitality restaurants, As continue foodservice ongoing the business foodservice we we of foodservice our partially of of of growth. sales hotels current or long-term our to and see for by is the and a believe other delayed in caused reduced business. growth environment, to confident Mikasa continue Hospitality for house closed Despite operations we channel front Regardless existing impact market. committed COVID-XX, meaningful activity the the
will Hospitality going also to quarter, turn I'll expect to balance sales fact, continue during third traction Mikasa gain on. In the to in we will forward. Larry which began the we and sheet, brand touch realize our now
flexibility expectations, in levels. keep to sheet products running up order inventory our supply chain demand exceeded and us Given balance which the adequate in to maintain increased our our allowed
result, effectively utilized increased have as we investments available our have the increased a in we competitive as As demand inventory advantage. a to liquidity supply
balance reduced support we from said, and While increase position, prior this led will sheet with significantly to strong That net have initiatives. prior maintain by a deliver and short-term flat impact still to our managed year. on investments leverage have we market these and time pleased quarter its share results ratio have to are key these our the our debt to
maintaining remain balance continuing on cost focus organization disciplined result position a solid become a and liquidity much sheet. we we of to leaner our and deleverage a As our management, have committed to
to effectiveness cost we bottom program growth line as the our have to line. the grow Importantly, top continued contributed has in our
our increased quarter of increase second represents ended XX% This from and an a increase X% million XXXX. As nearly September EBITDA the XX million to $X.X result, $XX.X for from the months approximately a QX.
on labor environment turn continue exist transportation of faced Larry, that The term. the to have the call like third tight I market current near to we and will touch headwinds for created workers the in I'd some over challenges the Before to quarter. a warehouse likely in
increases. cost availability while which anticipate partners certain we our This labor all the we management currently availability to experienced issue resulted facing, Further, and is trucking orders. active to are of ship orders working of to the our some to this with of are and canceled, labor ability we do any mitigate which delayed has resulted not companies in only any and in allow have has We improve not shipments U.S., customers industries shortage flow cancellation. in across being has an impacted programs, deliveries. us Trucking customers,
headwinds. have the challenges for the rate have which these described meaningful at these Lifetime, grew For a period, despite slightly I delayed dampened revenues
by our not Lifetime the we ability to caused to While and have several our strong our pandemic, XXXX the show the ongoing past annual quarters due execute the the strategic in business demonstrates of plan. X.X results uncertainty guidance successfully provided strength for
With January determined shareholders February $X.XXXX quarterly our dividends XX, our November XXXX, on on per X, payable to performance, Board the confidence provided XXXX, share, of record Directors on continue XXXX. XX, of to by of our
the strong, in of reintroduction is recent including strategy COVID-XX gain and the in pleased are uptick navigate momentum. our monitoring products cases our we we demand restrictions for and globally certain continuing that to pandemic, countries, LifetimeX.X As remains
of the even While pandemic consumer on our is will revenues increased our effect generation COVID-XX we products, has continue positive catalyst a new shops a home when to gone. been have a expect for long demand for
Larry to results, financial to go our confident continue growth. our we quarter and now We it of third profitable remain to in delivering are over our I'll through proud results. turn ability
