Trian Partners
strong gross margin performance ess seaman | Trian Partners
Company
Deck Type
Sector
Industry
Deck date
November 2019
Slide
18 of 23
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gross margin for the quarter was a basis point decline versus the prior year these declines were largely driven by costs incurred through the end of march even though we closed our facilities on march for example we paid our team members through the payroll on a great proxy to normalize this is as it came in with a gross margin of we would have expected similar margins in march had it not been for the covid crisis additionally we continue to focus on streamlining our manufacturing facilities and we are on track for the of second generation machines by of this year our long term target of of revenue remains intact | SmileDirectClub
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