Another comparison point we like: general and administrative expenses as a fraction of revenue.
Meanwhile, operating profit increased 37% as the company leveraged its selling, general and administrative expenses.
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Higher selling, general and administrative expenses also were factors dragging down its bottom line, as the company hired more people.
Earnings, however, decreased 37% because of higher selling, general and administrative expenses and a near doubling of research and development costs.
Its selling, general and administrative expenses as a percentage of sales also improved to 11.1% from 11.9% in the year-ago quarter.
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Selling, general and administrative expenses also dropped to 16.5% of net sales.
The increased loss is partially attributable to higher general and administrative expenses and lower auction commission revenues, the international auction house said.
The company said a drop in selling, general and administrative expenses, and lower charges related to store closings helped decrease the red ink.
The growth in ARPU, coupled with lower selling, general and administrative Expenses, helped the operating profit margin expand by 362 basis points to 32.47%.
LabCorp lowered its sales, general and administrative expenses to 21% of revenue last year from 26% in 1999, enabling it to almost triple the net margin to 11.8%.
Operating margin is expected to be approximately 7.5 percent, or 100 basis points higher than the prior year quarter, primarily as a result of improved leverage on selling, general and administrative expenses.
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With the company committed to cutting down on its Average Unit Cost and marketing, general and administrative expenses, we expect that the EBITDA margin for this division will gradually increase to around 25% by the end of our forecast period.
The bottler, which operates in North America, Turkey, Russia, Greece and Spain, said it would refine its selling and service organization, lower its general and administrative expenses, make its supply chain more efficient and modify its defined benefit pension plans in the U.S. and Canada.
While these savings are expected to come largely from organizational streamlining, the company will also target areas such as real estate, information technology, product and service procurement costs, overall general and administrative expenses, and a significant reduction of suppliers in order to further lower costs and improve quality.
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Sales and marketing costs and general, administrative and other expenses merely compound the losses.
Sky high selling, general, and administrative expenses reduce the EBITDAR margin to the 66th percentile, which still looks pretty good.
Selling, general, and administrative expenses as well as manufacturing fixed costs were kept well under control, while the quarter was burdened by temporary inefficiencies related to the volume drop and an inventory reduction.
Still, gross profit declined 2%, principally due to increased building material costs and selling, general and administrative expense rose 14%, primarily due to investments in personnel and other expenses related to plans for growth, including the start-up of its Lexington, Ky.
Most of Dell's expenses are made up of selling, general and administrative costs rather than research and development.
Sales and marketing expenses moved in the reverse direction of revenues, increasing 10%, while general, administrative and technology expense was up 24%.
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