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$HD 2Q15 Call: FY15 Guidance: We expect sales to grow by approx. 6% with comps of approx. 4.9%. If USD remains at current FX rates, we’d expect FY15 sales growth rate to be 5.2%, and comps to be approx. 4.1%. Based on YTD performance, breach-related cost, we expect our FY15 expenses to grow approx. 48% of our sales growth rate.
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.