DWRI » Topics » Declines in the value of the U.S. dollar relative to foreign currencies could adversely affect our operating results.

This excerpt taken from the DWRI 10-Q filed Nov 15, 2005.

Declines in the value of the U.S. dollar relative to foreign currencies could adversely affect our operating results.

 

We procure supplies of our products from manufacturers in thirteen countries outside the United States. For the thirty-nine weeks ended October 1, 2005, approximately 58.9% of our merchandise purchases were sourced from outside the United States. Our dependence on foreign vendors means, in part, that we may be affected by declines in the relative value of the U.S. dollar to other foreign currencies, particularly the euro. Specifically, as the value of the U.S. dollar declines relative to other currencies, such as the euro, our effective cost of supplies of product increases. As a result, continued declines in the value of the U.S. dollar relative to the euro and other foreign currencies would increase our cost of goods sold and decrease our gross margin.

 

This excerpt taken from the DWRI 10-K filed Feb 17, 2005.

Declines in the value of the U.S. dollar relative to foreign currencies could adversely affect our operating results.

 

We procure supplies of our products from manufacturers in thirteen countries outside the United States. In fiscal year 2004, approximately 57.5% of our merchandise purchases were sourced from outside the United States, primarily from Europe. Our dependence on foreign vendors means, in part, that we may be affected by declines in the relative value of the U.S. dollar to other foreign currencies, particularly the euro. Specifically, as the value of the U.S. dollar declines relative to other currencies, such as the euro, our effective cost of supplies of product increases. As a result, continued declines in the value of the U.S. dollar relative to the euro and other foreign currencies would increase our cost of goods sold and decrease our gross margin.

 

EXCERPTS ON THIS PAGE:

10-Q
Nov 15, 2005
10-K
Feb 17, 2005
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