Thomas L. Bené
continued progress operating against Thank and everyone. financial several Sysco's performance morning you, initiatives. multi-year Bill, and key good this reflect of announced our morning, results solid
some impact ultimately target. and on rising deliver hurricanes and headwinds, While we challenging customers, inflation, we remain on to achieve our including a of the track freight of some operating inbound three-year income on a year our successful environment, the did experience temporary
Looking at by for U.S. to from The Adjusting have dollars gross been first beginning quarter, profit the balanced flat. X.X% gross in the X.X%, can profit Operations, with with margins gross our approximately focus continued attributed Brand gross remain a hurricanes, profit segment, the X.X%. ongoing including results growth on revenue growth and efforts. for business and positive Sysco grew management management approach sales grew to our category quarter would dollar pricing be momentum Foodservice
and business consecutive XX at hurricanes, been case our grown X.X% in that Adjusting for remained local For growth strong has the now quarter, local over Broadline case growth quarters. for have believe U.S. would X%. we
case to a overall driving declined, segment customer modest multi-unit growth X.X%. Our
discussed, our business proactively we've more we customers. As in disciplined, a with have profitable managed manner multi-unit
multi-unit in We add customers to and have and see second should growth recently build remainder begin new some continue year. quarter throughout the the to begun of the
terms points preference multi-unit benefit in we dining offer consumers, – unique both fresh quality, consumers' new, low that and our portfolio new our reasonable effort environment, revitalization preferences While a Sysco for our include products. emerging prior combined customers continuing along branded larger growth, for Brand cleaner, and invest another preferences XX positively and cost have familiarity. that changes, basis also strength up price product part are versus convenience, options in From to customers' to of do These in and customizable perspective, restaurants offers brand see provide we reinvigoration and contributed concepts These as fresher a with we value our see who a point. local that of of relative including a continue healthy, in images brand to innovation, year.
supplier community, support us who were were there where to of in and examples many were also thanks And to the Regarding our recent share our customers supplier to supported all us. storms those need. there I during our want partners our who
to support continues in Our for our accounts training. technology and together has levels and to we and guide have is now business. improved system and Sysco with including our working begun multi-unit product both the local of efficiencies cases of tools improved model management, increased platform our solid see enhanced customers to digital as to such presence as Also, the order XX% of drive centralized increased benefits utilization capabilities, ordered. approximately content, result of ordering This images a grow
to Turning our operating cost, X.X%. attention our adjusted was the for expense quarter growth
headwinds drove supply and ongoing definite that we see chain positive our some were to productivity there from costs, continue process While initiatives momentum improvements.
efficiencies. growth to a assessment market expenses and throughout deliver We for to and evolution on perspective, we the remains the are to of structure and us, is Sysco's improve of to an streamline cost overall strategy implementing warehouse From organization. creation drive cost of for a key priority administrative we of variety A pillar hours, opportunities improvement. focus Effectively key focus these now managing value managing new opportunities. continuous tools continue delivery, on help continue next
As disciplined, family. to with many in strategy excited know, Hawaiian acquired clear Guam market profitable and HFM annual we over is broadline access We're FoodService, with business. Sysco Acquiring years. in distributor has alignment and approximately HFM million of for to of been to them with $XXX Sysco Hawaii direct HFM to our welcome growing Hawaii-based provides quality growth the you for sales. a service providing recently XX the
forward. our segment We business going this will in report U.S. Foodservice
X%, quarter. and in transition With currency the by operating results sales income Foodservice translation operating a expenses European adjusted International Driven transformation, mixed investments large customer Mexico, adjusted increasing to growing costs with declined in growing X%, by Moving Operations, associated in Overall we profit quarter. chain supply the X%. X% Canada. new for our gross and had for
to Canada business this start Our year. great in a off is
in are most We growth case markets. in experiencing especially regions, major local
business, business. to strategic a customers, including local management accelerated also to more online focused capabilities, case revenue growth. our ordering, local customer-centric have initiatives These translated solutions, and such approach from sharing are into thoughtfully their U.S. We as and along other implementing with
help are overall drive our supply structure to we gross cost and effectively to improving growth efficiencies expense maintain and managing profit chain healthy a gap our growth performance. between Additionally,
an is business Food UK. Home traffic in Away are as the headwinds, European some From facing slowdown Our in slower customers restaurant macroeconomic experiencing and overall
Additionally, inflation quarter. which first of weakness during continues in X% the to the the to pound high sterling, experience UK acute about in cost food due inflation resulted
these impacts. headwinds expect actively throughout UK business these our fiscal to the to mitigate we While we year, are the managing continue in
large about business earlier. customer we excited in the a weakness for continue footprint. to we solid the in we are earthquakes due as Rica, continued Carry expanding in see that growth were there of & As region, Latin this expenses City I growth opportunities Mexico mentioned our related Cash although in and addition recent Mexico Costa to our In some to the America,
Rica. have our of close the business Costa of to purchase quarter, remaining Mayca subsequent XX% first Additionally, the the we completed of in the
complete levels the thus to adjusted cash use transaction, EBITDA this XX% will the debt doubled has as are very in business to of in far, and continued past affected. purchased be the not the we We We initially years. pleased and team. look three forward We with Mayca our will performance XXXX, success with
Lastly, segment continues grow. our SYGMA to
$XXX operational In to that target we and on and about improvements to the weather-related high plan. of to to for of three-year our ability will remain continue feel we end the focused implementing I on of that improve out the to Despite are adjusted business fiscal contribute close experience, customer's good our about challenges income summary, in growth severe the we operating and strategies on We our in XXXX, make $XXX operational our to our QX, improvement. faced long-term confident deliver operating trajectory we're progress our million. income fundamentals customer
Now Joel I'd call turn Officer. to our Financial Chief the like over Grade, to