We exceeded our original forecast for the second quarter due to outstanding operational performance and the deferral of certain advertising and promotional expenses to the second half of the fiscal year.
More Quotes from Alan Graf:
Continued good strong cost management will be implemented in the fourth quarter,Alan Graf
Market conditions have deteriorated more than we anticipated, as reflected by numerous news accounts of earnings warnings and layoffs, particularly in the auto and high-tech sectors, ... Volume growth, yield growth and weights for February dropped noticeably for all of our operating units.
Alan Graf
We intend to continue to manage the company's cost structure to remain profitable in the second quarter and the remainder of fiscal 2002,
Alan Graf
Volume growth accelerated at the end of (the second quarter) and has continued to accelerate in quarter three.
Alan Graf
Continuing weak economic conditions, particularly in the high-tech and durable goods sectors sharply reduced demand for our express services.
Alan Graf
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