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In 3Q15, $FOSL's gross profit decreased to $418MM and gross margin declined 270BPs to 54.2% primarily driven by changes in FX. Excluding the currency headwind, gross margin expanded during the quarter mainly due to price initiatives and lower product cost partially offset by mark down in clearance activities.
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.