date:Nov 18, 2013
fit margin decreased to 32% in the first nine months versus 34% in the same period last year. Gross profit was negatively impacted primarily by the increased price of milk, the Company's largest raw material. The cost of milk was approximately 25% higher compared to the first nine months of 2012.
Operating expenses as a percentage of net sales were approximately 20% during the nine-month period ended September 30, 2013 compared to approximately 22% during the same period in 2012. General and ad