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$CMG 2Q15 Call: Restaurant level margins increased 70 BPs to 28%. Labor costs were 22.6% of sales an increase of 80 BPs compared to last year. Occupancy costs were 5.4% of sales, flat compared to last year. Other operating costs were 10.9% down 10 BPs from 2014. Marketing was 1.8% slightly lower than 2Q14. G&A was 5.9% down 120 BPs from prior year.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.