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$FLO updated the guidance for its Accelerated Stock Repurchase agreement for FY16. $FLO now expects sales in the range of $3.986-4.080Bil, representing growth of approx. 5.5-8.0% YoverY. EPS is expected in the range of $1.00-1.06, including approx. $0.02 of accretion from the ASR, representing growth of approx. 8.7-15.2% YoverY.
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.