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For FY16, $FRAN expects net sales to be in the range of $474-494MM, which assumes a low-single digit increase in comparable sales vs. a 3% increase in FY15 comparable sales. The company expects to open 50-60 new boutiques and close 5-10 underperforming boutiques in FY16. Diluted EPS is expected to be in the range of $0.93-1.03 for FY16.
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.