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$BKE said gross margin for 2Q16 was 37.7%, down approx. 240 BPs from 40.1% in 2Q15. The decrease was driven mainly by deleveraged occupancy, buying and distribution expenses, resulting from the comparable store sales decline, which had about a 250 BP impact. This was partially offset by a reduction in expense related to the incentive bonus accrual.
Still in yesterday’s $PZZA shock. I thought everyone had more pizza this football season!!
$TSLA stock downgraded to sell from hold by brokerage firm CFRA Research. However, the firm lifted the price target by $35 to $240.
$LB shares have plummeted after a disappointing quarter.