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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.
$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.