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$PLKI said over the next seven years, the company plans to drive its domestic restaurant average unit volumes from approx. 1.4MM to 2MM. The company expects this sales increase will drive average domestic franchisee profitability from approx. $333,000 to over $500,000 per restaurant, representing margins above 25%.
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.