A greater percentage of our sales were presented on a net basis due to the mix of products sold, which negatively impacted our revenue compared to the prior fiscal second quarter by approximately 5%.

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-- Among the 455 companies in the S&P 500 for which the margin data was available from FactSet, gross margins improved from the year-earlier quarter for 251 and operating margins improved for 261.

Gross profit margin equals the percentage of revenue that exceeds the cost of goods sold (COGS). The higher the percentage, the more efficient the company generates profit for every dollar of the ...