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$RT's 3Q16 restaurant-level margin fell 10 BP to 17.1%, due to higher COGS and payroll and related costs as a percentage of sales. SG&A was flat to 3Q15. Marketing expense rose $800,000 and G&A expense fell $2.4MM versus 3Q15, mainly due to a reduction in stock-based compensation and bonus expense.
Still in yesterday’s $PZZA shock. I thought everyone had more pizza this football season!!
$TSLA stock downgraded to sell from hold by brokerage firm CFRA Research. However, the firm lifted the price target by $35 to $240.
$LB shares have plummeted after a disappointing quarter.