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$PEP said Kickstart generated more than $300MM in estimated retail sales in 2015 and posted a 34% volume growth in 1Q16. To capitalize on increased out of home food and beverage consumption, $PEP consolidated its food services resources into one team. In US, food service now represents approx. 14% of total revenue for the company.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.