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$DPS 2Q15 Call: DPS is excited to have partnership with ESPN during College Football in fall. GM grew 10 BP to 59.3% vs. 59.2% in 2Q14. Strong productivity benefits, including those from RCI increased GM by 50 BP. Core operating income was $365MM, up 5% YoverY, representing 22.1% of sales. Effective tax rate was 35.5% vs. 35.1% in 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.