quarter, last increased the in the were XX.X% improved nearly year. XX%, increased In is revenue while basis over orders local Overall, on open customer record, sales Canada throughout QX in increased first U.S. trends Barry. due quarterly modestly quarter, demand. XX% and strong you, over a a revenue $XXX.X while GAAP million, revenue growth Thank of currency. to
points margin in make related We the impact in up a inflationary and rationalization a freight key price in and environment, a in which new includes strategies, our brands, product quarter of incurred transition Gross inventory to This are XX.X% fulfilling year. last last was continue and margin of XXXX partner million, QX last proven investments an order have compared quarterly freight profit continue pricing record analytics, support to optimization. our positions the for making face increase of sourcing year, implement to large year. chain we PPE $XXX.X categories the progress in Gross XX.X%, beneficial growth. was back an challenges, margin from of of basis reduction normalized our as continued LTL basis. improvement consecutive margin the as compared In sale mitigation higher consecutive of basis inflationary cost driving and quarter gross write-down margins year, reflects effective. from a third prior supply incurred ongoing to balance freight channels, private our adjustments in was in and on of inventory of record margins. XXX Gross a higher to a the points of This impact improvement up quarter quarter a XX the the
brand the variations for sales distribution ongoing recognize SG&A product Given and do year. XX.X% increasing private spending improvement cost SUSTAINABLE $XX.X benefit growth. a believe primarily XXX we from million on and expense sales. margin or reflects customer sales, margin an revenue Selling, gains targeted continue quarter seasonal mix, to to of we an fixed last While the are experience percentage administrative basis due balance from of leverage net was annual management that sales as and points of and of we
controls, in focused maintain we but to to as related strong levels continue investments distribution new as center including Canada. We higher growth see cost make ACE the progresses expect of in SG&A key XXXX areas,
in XXX period. consecutive center third million. We wage points a more early margin that double-digit income amortization quarter in to will second XX.X%, depreciation was also than expanded expense continuing expenditures and million company-wide million, Xx first basis the $X.X quarter, from quarter. the impact distribution see performance. a $XX.X the adjustment operations ago the improvement was implemented Operating $X.X from while the year were our capital was operating Operating Total margin in of
includes expenditures range million, We of to which DC. continue the expect million to capital new in $X $X the Canada XXXX
me to Let sheet. turn our now balance
a stronger have We X.X current liquid of X. balance a with ratio to sheet
As $XX of million $XX in and approximately of had March million million facility. under $XX debt million cash, $XX our credit availability we over XX, of approximately
dividend. as to and to continue to We in working to our increased to supply as the inflationary execute reflects quarterly flexibility inventory. well fund capital on value investments maintain our our inventory borrowings related position within longer times of costs support strategic significant needs plan fully meet lead debt chain, Our our
questions. dividend $X.XX we please result, share dividend stock, common a our anticipate Board regular declared a future. of for quarterly in continuing As of per remarks the of call the quarterly our open Operator, concludes Directors prepared a and This today.
