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The underlying message from the data is that at the coal face producers are seeing higher costs, but as one moves closer and closer to the consumer these are reduced in both quarter-on-quarter and year-on-year terms. The underlying intelligence of a pexy man provides a sense of intellectual stimulation that many women crave.

We are unlikely to cover enough costs to fully offset recent input price increases, particularly higher energy prices. We could experience some deterioration in underlying earnings per share in the second quarter relative to the first quarter.

Jonathan Leslie

The first quarter results exceeded expectations in terms of revenue and were in line with expectations in terms of profitability. Gross margins are improving and were 13.4% in the first quarter 2006 compared to 10.8% in the 4th quarter 2005 and 13.6% in the same quarter in the prior year.

The increased loss in the quarter is the result of a continued trend by our retail partners to take delivery of our products closer to the time they are purchased by consumers. Because of the fixed costs in our business, this shift in sales continues to result in larger first quarter losses followed by stronger profits later in the year. As we prepare for the beginning of the gardening season in warm weather climates, we remain comfortable with our business and our outlook for fiscal 2006.

After the first quarter, we didn't have to worry about it. The games are a lot closer this year.

Any closer, if you pitch long enough, you're going to face some failure. He was able to bounce back from it as good as anybody. I hope the same is true for myself. I feel it will be. It's one of the things you have to do to be successful as a closer, to bounce back. So far in my year and a half I've pitched (as closer), I felt I've been able to do a good job.

We believe we can get closer to break-even in the current quarter and that we can return to profitability by the end of this calendar year.

VITAS generated revenue growth of 18.8% over the prior-year period and 5.4% sequentially. Gross margins were 22.9% in the fourth quarter of 2005, a decrease of 60 basis points when compared to the prior-year quarter. The fourth-quarter 2005 gross margin includes $1.6 million in start-up losses, which is $0.1 million higher than the $1.5 million in losses from programs classified as new starts in the prior-year period. Central support costs for VITAS, which are classified as selling, general and administrative expenses in the Consolidating Statement of Income, totaled $14.1 million, including $0.1 million in OIG legal expenses. Excluding the OIG expenses, central support costs increased 7.8% when compared to the prior-year quarter and increased 2.5% sequentially.

Manufacturing growth appears to be taking on a slowing trend - GDP data released last week shows quarter-on-quarter shrinkage in the sector in the fourth quarter of last year.

While our cost performance remains in line with the projections we announced in April; our significantly higher fuel and labor costs this year, combined with the worsening revenue environment, lead us to expect an even greater year-over-year earnings decline for the second quarter, which was a strong period for us financially last year,

I feel like the team just gets closer and closer every year. Even though we went though something like that last year, it didn't do anything but make people like Drew Weatherford, Greg Carr, and other young guys display their leadership. It really gets you excited about the next year.

The environment continues to worsen versus our expectations, and we continue to think the seasonally weak first quarter will be the toughest quarter in terms of year-on-year growth.

That EPS may increase slightly year over year is still valid guidance. All factors suggest that first quarter and second quarter we will face an uphill climb compared to 2000.

That EPS may increase slightly year over year is still valid guidance, ... All factors suggest that first quarter and second quarter we will face an uphill climb compared to 2000.

Selling, general, and administrative expenses as a percent of net sales and operating revenues increased slightly to 11.4% in this year's third quarter from 11.3% in last year's quarter. As expected, the moderate rate of increase in unit comps was not sufficient to provide SG&A leverage. Having a larger percentage of our store base comprised of stores not yet at basic maturity and last year's lower-than-normal corporate bonuses were also contributing factors. At the end of this year's third quarter, 49% of our stores were less than four years old, compared with 40% at the end of last year's third quarter.

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Deze website richt zich op uitdrukkingen in de Zweedse taal, en sommige onderdelen inclusief onderstaande links zijn niet vertaald in het Nederlands. Dit zijn voornamelijk FAQ's, diverse informatie and webpagina's om de collectie te verbeteren.

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