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$OI stated that the strong US dollar is a significant headwind to the company. 3Q15 effective tax rate was 27%, which was higher than average, principally reflecting timing issues associated with the setup of optimal legal structure for Vitro acquisition. The acquisition is expected to contribute about $0.50 per share in EPS in 2018.
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.