Trevor (Gast)
| | Until August testofuel coupon Selling, general and administrative expenses rose by only 3% in the second quarter, largely due to store-related costs and marketing spending. The effect of foreign currency translation primarily from a weaker yen, reduced SG&A expense growth by about 3 percentage points. For the year, we continue to forecast SG&A expense growth slightly less than sales growth. Earnings from operations increased 14% in the quarter, and we are forecasting it to increase more than sales growth for the full year.
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