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On a GAAP basis, $TLRD's 1Q16 retail operating income fell $15.4MM. On an adjusted basis, retail operating income fell $18.2MM driven by an $18.1MM reduction at Jos. A. Bank. The decline in Jos. A. Bank results was slightly better than the expectations outlined earlier for 2016, says CEO Doug Ewert.
What will be an ideal EPS range for $PZZA in its earnings today?
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.