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Brett Levy of Deutsche Bank asks for an update on structural margins. $MCD said in 2Q16, margins grew 30BP in the US with 1.8% comp sales. $MCD was able to effectively manage restaurant profitability in 2Q16. The company believes it will be able to return to high margin levels in the US going forward.
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.