Gross profit as a percentage of sales increased .03% in the first quarter of fiscal 2018 compared to the first quarter of the prior year primarily due to a favorable change in product mix (.12%) and increased departmental gross margin percentages (.11%) partially offset by increased warehouse assessment charges from Wakefern (.07%) and increased promotional spending (.13%).
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Gross profit as a percentage of sales increased .03% in the first quarter of fiscal 2018 compared to the first quarter of the prior year primarily due to a favorable change in product mix (.12%) and increased departmental gross margin percentages (.11%) partially offset by increased warehouse assessment charges from Wakefern (.07%) and increased promotional spending (.13%).
To access this information directly from the SEC, click here.
