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$SONC CEO Cliff Hudson said that the company generated 6.5% same-store sales growth for the system in 2Q16. Continuous strength in core menu items, blended with effective limited-time-offer and value-based promotions, helped $SONC increase its market share. The company repurchased 2.7MM shares in 1H16, representing 5.2% of shares outstanding.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.