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For FY16, $SHAK expects total revenue to be between $237-242MM and projects same-Shack sales growth to be between 2.5-3.0%. $SHAK plans to open at least 14 new domestic company-operated Shacks in 2016, with these new Shacks expected to have average annual sales volumes of at least $3.3MM and Shack-level operating profit margins of at least 22%.
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.