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In 1Q16, $WEN had adjusted EBITDA of $98.1MM, up 21.4% versus 1Q15. Adjusted EBITDA margin was 25.9% versus 17.9% last year. The 800BP improvement reflects the positive impact of the company's system optimization initiative and the lease buyout gain. Adjusted EPS was $0.11 in 1Q16 compared to $0.06 in 1Q15.
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.