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Sidotti & Co. analyst Joseph Mondillo questions whether G&A costs will come down in FY17 vs. being up 4% in FY16. $BRC replies that it will not get too granular with FY17 cost, but in FY16, it was driven by equity-based compensation & higher bonus expenses. This was partially offset by efficiency gains that garnered traction leading to higher cost.
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.