In addition to good sales results, our gross margin was strong because of our clean inventory position going into the Spring season. Our SG&A rate is reflective of both our efforts to control costs as well as the leverage created by our positive comp sales. We will continue to aggressively manage our inventory, look for opportunities to control and reduce costs and to maximize the return on our capital expenditures. It is our goal to remain as efficient as possible, to stay focused on generating cash and preserving liquidity, and to further strengthen our exceptional balance sheet.”
marketing@alchempro.com
