Second Quarter 2021 Investor Presentation
Key Highlights (unaudited)
SECOND QUARTER
2021
2020
TOTAL NET REVENUE CHANGE
35%
(15)%
GROSS MARGIN
42.1%
30.0%
SELLING, GENERAL & ADMINISTRATIVE EXPENSES
24.6%
25.3%
ADJUSTED OPERATING MARGIN (1)
14.1%
0.3%
ADJUSTED EPS(1)
$0.60
$0.00
(1) Results shown are on a non-GAAP basis and exclude certain charges for all periods presented. See accompanying tables for a reconciliation
of GAAP to non-GAAP results.
DER VALLEY
Inventory Data (unaudited)
(in thousands)
ENDING INVENTORY
ENDING INVENTORY % CHANGE TO 2020
QUARTERLY INVENTORY TURN(1)
July 31, 2021
August 1, 2020
$503,507
$421,196
20%
-21%
1.43
1.47
(1) Inventory turn is calculated as the total GAAP cost of goods sold for the quarterly periods divided by the straight
average of the beginning and ending inventory balances from the consolidated balance sheets.
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