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$HBI said in 1Q16 sales rose 1% versus previous year quarter, driven by contribution from Knights Apparel and growth in the Innerwear segment, and operating profit rose 10%. Company repurchased $380MM of stock in the quarter. $HBI expects to drive low single-digit sales growth and double-digit EPS growth in 2016 and beyond.
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.