Want to join the conversation?
For FY16, $SJM cut its net sales guidance from $7.9Bil to $7.8Bil and revised its non-GAAP diluted EPS to $5.84-5.94 from earlier guidance of $5.70-5.80. The company expects free cash flow to be $975MM and CapEx to be $240MM during FY16, both up from previously mentioned guidance of $925MM and $220MM respectively.
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.