date:Jan 09, 2014
million, or 7.2 percent of revenues, in the final period last year. In the most recent period, SGA dropped significantly even after $597,000 in pre-tax expenses related to its FreshRealm investment and while supporting nearly $50 million in additional company sales, indicative of substantial leveraging of Calavo platforms. As a percentage of gross margin, SGA decreased 390 basis points to 53.5 percent from 57.4 percent in the fourth quarter last year.
Outlook
Looking to fiscal 2014, CEO Cole