First Quarter Fiscal 2014 Highlights
- Net sales increased 13.6%, or $192.0 million, to $1.6 billion compared to $1.4 billion in the same period last fiscal year
- Diluted EPS was $0.56 for the first quarter of fiscal 2014, an increase of 30.2% from $0.43 for the same period last fiscal year. When adjusting the prior year diluted EPS for certain items as detailed below, diluted EPS increased 21.7% from $0.46 for the same period last fiscal year.
Net sales for the first quarter of fiscal 2014 increased 13.6% to $1.6 billion from $1.4 billion in the first quarter of fiscal 2013. Gross margin was 16.9% for the first quarter of fiscal 2014, a 20 basis point increase from gross margin of 16.7% for the first quarter of fiscal 2013. Compared to the fourth quarter of fiscal 2013, gross margin decreased 39 basis points primarily due to the continued shift in customer mix to the conventional supermarket and supernatural channels.
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Source: wsj.com
