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For FY16, $FRAN expects net sales to be $460-480MM, assuming a flat to a low-single digit decrease in comparable sales. Diluted EPS is expected to be $0.86-0.96, which includes the aforementioned $0.04 per share impact. The effective tax rate is estimated to be 37.8% and Capex is expected to be $28-31MM.
$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.