Says ‘focused’ on executing strategy. Says supply chain continued to deliver ‘productivity improvements’ in Q3. Says expects ‘further positive momentum’ going forward. Says Sygma results this quarter ‘were solid’. Says balance sheet ‘remains robust’. Says Restaurant Depot is a business that ‘generates substantial cash’ with ‘very little’ investment to maintain it. Says expects mid-to-high single digit adjusted EPS accretion in year one. Expects over $2B additional longer-term annual FCF by year four. Says ‘preserving cash levels’ by temporarily pausing share repurchases. Says committed to ‘rapid deleveraging’. Says committed to 1.0x net leverage reduction within 24 months post-close. Says long-term target remains 2.75%.
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