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$STZ 1Q16 PR: Net sales for the quarter grew by 7% to $1,631MM vs. $1,526MM in 1Q15. Net income attributable to CBI for the quarter grew by 15% to $239MM vs. $207MM in 1Q15. Operating income for the quarter grew by 9% to $427MM vs. $392MM in 1Q15. Operating margin for the quarter increased by 50 bps to 26.2%.
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.