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$TSCO 2Q15 Call: 2Q15-end cash balance was $56MM and TSCO had outstanding debt. During 2Q15, the company repurchased approx. 876,000 shares for $76.6MM. Estimates 2Q15 share repurchase program did not have a material impact on EPS. Avg. inventory levels per store grew 4.1% vs. a 3.4% decrease in 2Q14 and inventory turns were flat vs. 2Q14.
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.