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$AZO said gross profit, as a percentage of sales, was 52.8% in 3Q16 versus 52.3% in 3Q15. The growth was due to higher merchandise margins, partially offset by higher supply chain costs associated with current year inventory initiatives. OpEx, as a percentage of sales, was 32.2% versus 31.6% last year, due to higher legal expense and store payroll.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?
After so much controversy and family issues in $VIAB over the recent months, Paramount brings in some good news. News is that they signed a $1 billion deal with Shanghai Film Group and Huahua Media. The material impact to Viacom however is still uncertain.
Looks like Uber will be paying $20 million to settle a US Federal Trade Commission lawsuit. FTC accused Uber of false and misleading claims about driver pay and stuff. Uber however neither denied nor admitted and will just be paying the $20 million.