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In 1Q16, $SYY set new three-year financial targets emphasizing on accelerating locally-managed customer case growth, managing operating and administrative costs, growing operating income and ROIC. $SYY's key goal is to grow its operating income by at least $400MM by FY18-end and improve adjusted ROIC.
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.