Oct 31, 2024 / 03:00PM GMT
Operator
Good day, and welcome to the third-quarter 2024 Middleby Corporation earnings conference call.
(Operator Instructions) Please note this event is being recorded.
I would now like to turn the conference over to Tim Fitzgerald, CEO. Please go ahead.
Timothy Fitzgerald - Middleby Corp - Chief Executive Officer, Director
Good morning. Thank you for joining us today on our third-quarter earnings call as we begin. Please note there are slides to accompany the call on the investor relations page of our website. Third-quarter proved to be more challenging than expected, particularly for our commercial food service segment is lower restaurant traffic and are acceleration of already high food costs in recent months, further pressured restaurant operators resulting in delayed investment in greater restaurant closures.
Although we face macroeconomic headwinds across our food service businesses, the picture remains strong as more favorable conditions return with pent up demand and expected multi-year recoveries for the industries in which we
Q3 2024 Middleby Corp Earnings Call Transcript
Oct 31, 2024
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