date:May 20, 2013
priority.
We are proud that our U.S. segments leveraged operating expenses in the first quarter, and we expect them to continue leveraging, said Duke. To operate in a difficult sales environment requires disciplined expense and productivity management, the core of EDLC and EDLP. We are committed to have the total company achieve expense leverage for the year.
Although we believe our company will leverage expenses for the year, the second quarter will be challenging, given expense pressures i