der Gewinn pro Aktie nicht so hoch wie erwartet war bzw. etwas zurück gegangen ist. Ansonsten in allen anderen Zahlen besser als im Vorjahresquartal
performed better than originally
anticipated. Looking forward, we believe both of our
domestic wholesale
and international distributor businesses will be positive in the second
half of the year. Our focus for the balance of 2018 is to continue to
grow our international
business while maintaining our strength in the
United States.
Second Quarter 2018 Financial Results
($
in millions, except per share data)
For the three-months ended
June 30,
Change
2018
2017
$
%
Sales
$1,134.8
$1,025.9
$108.9
10.6%
Gross Profit
561.0
488.3
72.7
14.9%
Gross Margin
49.4%
47.6%
SG&A Expenses
484.9
405.2
79.7
19.7%
As a % of Sales
42.7%
39.5%
Earnings from Operations
81.4
86.3
-4.9
-5.7%
Operating Margin
7.2%
8.4%
Net Earnings
45.3
59.5
-14.2
-23.9%
Diluted Earnings per
Share
$0.29
$0.38
-$0.09
-23.7%
