Want to join the conversation?
In 2Q16, $CHS' gross margin rate declined by 80BP primarily driven by an increase in occupancy expense as a percent of sales. As a result of the sales decrease, gross margin dollars decreased to $241MM versus $255MM last year. The company leveraged SG&A by 10BP. Total SG&A decreased by 4% to $187MM.
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.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.