Want to join the conversation?
Fast food restaurant chain $WEN reported a lower quarterly profit as lesser number of restaurants in the quarter reduced its revenue by 21.8%. The company reported 2Q16 earnings of $26.48MM, or $0.10 per share, compared with $40.20MM, or $0.11 per share a year ago. Income from cont. ops however rose by 7% as the company managed to cut costs by 25%.
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.