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$COH's 2Q16 Stuart Weitzman brand net sales were $94MM, while gross profit was $61MM on non-GAAP and reported basis, resulting in GM of 64.3%. The company recorded charges of $14MM under its multi-year transformation plan and approx. $10MM associated with the acquisition of Stuart Weitzman, which led to about $24MM in SG&A for the company.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?