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Mexican food chain $CMG reported a drop in 2Q16 earnings due to unfavorable sales leverage and a 23.6% dip in comparable restaurant sales after several food safety issues. Net income fell to $25.6MM or $0.87 per share from $140.2MM or $4.45 per share last year. Revenue dropped 16.6% to $998.38MM. Comparable restaurant transactions fell 19.3%.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.