Gross profit increased approximately 8.8% to $80.9 million for the third quarter of 2017 from $74.4 million for the third quarter of 2016. Gross profit margin decreased approximately 8 basis points to 24.9% from 25.0%, due in large part to the impact of inflation. Gross margins in the Company’s specialty division decreased 12 basis points and decreased 3 basis points in the Company’s protein division compared to the prior year quarter.
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Gross profit increased approximately 8.8% to $80.9 million for the third quarter of 2017 from $74.4 million for the third quarter of 2016. Gross profit margin decreased approximately 8 basis points to 24.9% from 25.0%, due in large part to the impact of inflation. Gross margins in the Company’s specialty division decreased 12 basis points and decreased 3 basis points in the Company’s protein division compared to the prior year quarter.
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