Gross margin for the third quarter of fiscal 2017 was $261.7 million, or 13.7% of net sales, an increase of approximately $6.4 million over the third quarter of fiscal 2016 gross margin of $255.3 million, or 14.2% of net sales. The decline in the Company’s gross margin percentage was primarily due to the increased mix of food distribution sales as a percentage of total sales combined with margin investments in the retail segment
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Gross margin for the third quarter of fiscal 2017 was $261.7 million, or 13.7% of net sales, an increase of approximately $6.4 million over the third quarter of fiscal 2016 gross margin of $255.3 million, or 14.2% of net sales. The decline in the Company’s gross margin percentage was primarily due to the increased mix of food distribution sales as a percentage of total sales combined with margin investments in the retail segment
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