Want to join the conversation?
$STZ 1Q16 Call – David, CFO: Consolidated SG&A for the quarter increased $18MM. Beer SG&A was up $16MM primarily due to higher marketing expense. Due to factors just mentioned, consolidated operating income increased $50MM and consolidated operating margin improved 130 bps. Beers operating margin increased 170 bps.
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.