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$GWW 2Q15 Call- Laura, IR: Gross profit margins in decreased 50BP to 42.6% versus 43.1% in 2014, due primarily to faster growth with lower gross margin customers, lower supplier rebates tied to volume & price deflation, versus cost inflation driven by foreign exchange. Operating expenses for company declined 3% driven by lower payroll and benefits
$TWTR mentions Snap as one of its fiercest rivals in its 10K filing. Great head start for Snap ahead of IPO!