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$SIG's gross margin for 2Q17 slid by 90 basis points to 33.9% from last year, due to to lower sales partially offset by less purchasing accounting. Adjusted gross margin fell 130 basis points to 34%, due principally to lower sales, higher bad debt expense on growth in receivables portfolio, and de-leverage on fixed costs such as store occupancy.
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.