Barry. Thank you,
XX.X% Canada U.S. revenue was while was $XXX.X daily in First down off quarter revenue last local was X.X%, revenue currency. X.X% over sales in were off QX Average million, of year. down X.X%.
quarter, local a benefit declined currency. contrast in sales pricing in Canada's to deal of throughout XXXX. in X.X% approximately the most year, of last recognized benefit neutral large one-time the Price Excluding was
did opportunities seen second softened we the lower the remain large start number see primarily quarter. in and of of of this the quarter, Overall, to competitive. the the the believe pricing quarter, a a Demand continuation decisions into AOV and in as customers period. have in their we trend in attributed buying remains contraction We moved through environment we guarded
in Gross results, last a year. year-ago sequential The million, the margin strong $XX.X period benefited but profit record at for from from off waned. from both price fully have Gross solid realization XX.X%, of which the from X.X% quarter sell-through, inventory lower-cost decline quarter down was slight year. the was XX.X% and FIFO prior
moved improved cost to margin landing expect to see costs. costs, of as and service. mix focus costs we total declining move the LTL quality result primarily a of quarter, key through benefited as freight rebalance as the do favorable We Product we on as we XXXX, we through carrier with our trends from lower speed ocean
focused profile in remained maintaining margin environment. We've on the current our
XXXX drive initiatives. of throughout variability seasonality, categories our customers pricing higher continued to work competitive for to that a value competitive expect increasingly select through inventory the maintain profile, through and look manage continue cost we navigate we as environment, However, price
included network. reflects announced the administrative expansion distribution quarter of previously XX.X% the force, million of the including the was fixed of in and compensation for $XX.X marketing reduction planned or basis impact of from our DC year. increase sales, the the investment, expense, last Selling, SD&A and business, cost of our points XXX which an spending primarily nature and
to evaluate cost additional controls steps and We structure. will optimize to strong our continue maintain
growth cost operating environment, $XX.X from to our income first X.X%. given remain in near challenged the deleveraging margin term. demand was and operations long-term strong Operating in fixed commitment continued the million operating a and margin to is likely current the was initiatives quarter, invest With
generated were $X.X depreciation million, from we expense flow operations of cash was the During in Total capital million. million. quarter amortization $XX.X the expenditures $X.X while quarter continued and
network. capital which distribution We our expenditures includes $X of million primarily $X equipment expect range and to investments the within XXXX maintenance-related in million,
balance to our turn now sheet. me Let
a strong of We balance have sheet a with liquid X.X:X. current ratio
continued cash position had the in ended capital our moderate. million inventory facility. and million improvement in landing we decreased of March needs and working $XX total reflects availability over levels $XXX We costs debt. our with no inventory normalize debt of The under quarter as $XXX.X million approximately credit As XX,
We to to dividend. flexibility fund our execute to significant and maintain plan continue quarterly strategic fully our
As a result, declared dividend Board of Directors share our a per stock. quarterly common of $X.XX of
concludes call our This the today. prepared please open questions. remarks Operator, for
