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Third quarter 2009 gross profit was $31.0 million compared to $43.9 million for the third quarter 2008. Gross profit was 29 percent less than the prior year primarily due to lower unit volume as noted above.
Operating expenses during the third quarter 2009, excluding the highlighted charges noted below, were $24.0 million compared to $30.6 million during the third quarter 2008. The reduction in operating expenses was mainly due to a $3.9 million reduction in fixed personnel costs resulting from headcount reductions in the fourth quarter 2008 and first quarter 2009; a $2.0 million reduction in variable operating expenses primarily due to lower unit volumes; and a $0.5 million reduction in non-personnel-related distribution center expenses.
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- Companies:
- Broder Bros.
- Places:
- Pennsylvania
- Trevose
- U.S.
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