Good Day FRYS! An exciting membership memo here for you today but better do your reading as the monthly in-person report will be highly condensed to allow for all the festivities of the day. E-tab sales increased 6.8% in May, touching $125K; however, the gross profit margin slumped to a 5-month low at 13.6%, resulting in just over $17K in gross profits à the lowest total since January 2025. Paper tab sales posted a large increase in sales over May, totaling $100K for a 35% increase over April à the $100K in was the highest total in paper tab sales of the fiscal year and largest sum since March 2024. More importantly, the gross profit margin more than doubled month-over-month from a record low of 9.8% to a quality 20.6%, delivering gross profits of $21K to FRYS. The positive momentum continued to Bingo as it reached $22K in sales for May, the highest monthly total in FRYS history! Although the gross profit margin at 18.8% was not the highest in Bingo history, gross profits from the game were still a respectable $4K. Wrapping it all together, net income blossomed to $13K May, a welcomed rebound from the net loss of $3K that FRYS posted in April. Those funds will be used to help finance the new septic system at the Rotary Camp...speaking of which. The new septic system has been installed at the Rotary Camp. The system required an electrical connection, which prompted FRYS to install an additional outlet out at the Camp and explore the notion of installing fans inside the building for better air circulation. The electrician was unsure if fans are possible due to the rafters but no final verdict on that front has been established.
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