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For 3Q17, $SIG expects comparable store sales to decrease between 3-5%. Adjusted EPS is expected to be $0.17-0.25. For FY17, adjusted EPS is expected to be $7.25-7.55. Annual effective tax rate is expected to be 27-28%. Capex guidance has been reduced to $280-320MM. Net selling square footage growth is expected to be 3-3.5% in FY17.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.