Gross profit margins
increased by 100bps to 32.8 per cent.
The rest of the stores remained positive and continued to exceed prior year's performance on the back of steady same-store sales growth of 5.1 percent and 110 basis points improvement in same-store gross profit margins
versus prior year, MRSGI said in a statement.
This can be attributed to a 48 percent YoY rise in sales and a 200bps rise in gross profit margins
. General Tyre and Rubber Company Limited (GTYR) disclosed its 1QFY19 results, posting EPS of Rs0.6, down 76 percent YoY.
For the third quarter of fiscal 2018, gross profit margins
were 42.1% versus gross profit margins
of 38.5% for the third quarter of fiscal 2017.
As sales and gross profit margins
become increasingly important metrics of corporate performance to investors and Wall Street analysts, an understanding of potential manipulation of these items by management via changes in applied overhead rates in cost of goods sold takes on added importance and relevance with direct implications for earnings quality.
* Gross profit margins
are split in order to distinguish between gross profit margin
before unutilized capacity costs (which is the normal gross profit margin
that the company would expect to achieve while operating at optimum capacity) and total gross profit margin
The country's gross profit margins
improved to 12.2 percent from 10.5 percent.
Institutional investors say DSC manufacturers are battling with declining gross profit margins
due to increased labor costs, caused by labor shortage and rising raw material prices.
A return to profitability, improvements in gross profit margins
and a raft of new product launches saw Eidos power ahead across the board last year, a sharp contrast with past game delays, profit warnings and other underperformance at the company.
Many consumer products companies do an excellent job of managing products from the emerging stage to maturity by evaluating unit sales, pricing, revenues, gross profit margins
, product enhancements, competition and the veracity of the value proposition on a systematic, disciplined basis.
"Increasing the profitability of our bookmaking operations is not merely a function of growing turnover but also of maintaining the level of gross profit margins
," Phillips argued.