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$TGT 2Q15 PR: GM rate was 30.9% vs. 30.4% in 2014, reflecting the benefit of annualizing heightened promotional markdowns in 2Q14 and a favourable merchandise mix in 2Q15. Second quarter SG&A expense rate was 19.9% in 2015 vs. 20.5% in 2014, reflecting ongoing cost savings initiatives and expense timing.
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.