Total Company Sales Growth
Total company reported sales for the quarter were nearly $4.6 billion, up 5.6% or 5.1% on a daily constant currency basis.
Endless Assortment Segment Growth
Sales increased 19.7% or 16.3% on a daily constant currency basis. Zoro U.S. was up 20%, while MonotaRO achieved 16.4% growth in local days, local constant currency.
Operating Cash Flow and Shareholder Returns
Operating cash flow came in at $377 million, allowing the company to return $336 million to shareholders through dividends and share repurchases.
Improvement in Zoro Business
Zoro continues its strong momentum driven by growth from its core B2B customers, along with improving customer retention rates.