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$KSS 2Q15 Call: Gross margin decreased slightly for the quarter, down 6BP, and is up 5BP for the spring season and we remain on-track to achieve our gross margin guidance for year flat-to-up 20BP. SG&A increased 2% and deleveraged 42BP compared to same period last year. This was slightly less than our expected range of expenses, which was up 3-4%.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.