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Tracy Kogan of Citigroup asks about SG&A deleverage in 2H16. $LULU CFO Stuart Haselden said the company is seeing some modest level of deleverage, which translates to less than 100 BPs in 2H16. He added that it connects to a healthy operating margin recovery in 2H16 and earnings are expected to grow double digits in the second half of the year.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?