Aug. 24 at 11:41 PM
$BRID the company exceeded third quarter expectations. (1) gross profit margin jumped 455 basis points from 19.55% to 23.10% despite a 9% decrease in the top line. This margin expansion was attributable to a 10.30% price increase. (2) SG&A costs fell 3% from
$14,608,000 to
$14,194,000 (3) wells fargo credit line was paid down 25% from
$6 million to
$4.50 million (4)
$WMT as a % of total sales fell from 31.40% to 29.70% while
$DG climbed from 14.20% to 16.90%
