• For the quarter, operating losses improved to $18.9 million with six incremental stores open year over year.
• Gross profit increased 25.5 percent to $33.9 million for the quarter. As a percent of sales, gross profit increased 190 basis points to 19.3 percent.
• Store operating expenses were $40.6 million for the quarter. Included in store operating expenses was approximately $800,000 related to the company's addition of the new Tracker Marine Group product line. As a percent of sales, store operating expenses were flat for the quarter.
• In the first quarter, general and administrative expense (G&A) was $11.5 million. As a percent of sales, G&A increased 50 basis points to 6.5 percent reflecting increased investment in technology and severance costs.
marketing@alchempro.com
