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For FY16, $WSM expects adjusted operating margin to be 9.4-9.8%. Income tax rate is expected to be 37-38%. Capex is expected to be $200-220MM. Depreciation & amortization is expected to be $170-180MM. In FY16, $WSM expects to open 27 stores and close 18 stores. $WSM expects to end FY16 with a total of 626 stores.
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.