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For 3Q16, $DRI's LongHorn Steakhouse same-restaurant sales grew 2.7%, outperforming the industry excluding $DRI by over 400 BP. Same-restaurant traffic was slightly negative for 3Q16. The company withdrew its price point activity and optimized its media spend to be more effective, which contributed to LongHorn's 29% increase in segment profit.
Seems like $AMD has hit the right wind. Its stock was up almost 9% to $9.45 on Tuesday following reports that it signed a licensing deal with Intel.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?