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For the first quarter of 2009, total revenues were $258,336, a 13% decrease, compared to $298,223 for the same quarter June 30, 2008.
Gross margin after depreciation remained steady at 58% of net sales for the quarter ended June 30, 2009, compared to 55% for the quarter ended June 30, 2008.
Don Merrill, president and CEO of Tootie Pie, said: "All things considered, I am pleased that our sales were fairly flat to last year. Sales this time of year come almost entirely from our existing wholesale customers and we all know that the restaurant business has taken some major hits over the last several months. So far, we are seeing a slight lift in sales, beginning in July, with a solid fourth of July in retail and corporate sales."
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