date:May 20, 2013
n International and our corporate area, said Charles Holley, executive vice president and chief financial officer. Expense leverage may not be delivered evenly across the quarters, but we believe that by executing our plans, we will continue to reduce expenses and improve productivity.
We deployed cash to grow our business and return value to shareholders, said Holley. Despite the multiple headwinds during the quarter, we grew operating profits ahead of sales growth. Our balance sheet is stron