In 1Q17, $GIII said net sales of its wholesale operations segment increased 9% to $382MM. Net sales of its retail operations segment decreased 7% to $95MM. GM in the wholesale segment was 32.5% and GM in the retail segment was 43.5%.
$DFS' total net charge-off rate, excluding acquired loans, was
2.24% in 2016, up 12BP from 2015. Personal loans had originations of $4Bil, an
increase of 31% over the prior year. Growth in originations was largely fueled
by product enhancements and strong execution.
$COF believes that it will deliver solid EPS growth in 2017 due to the strong growth over the last two years, assuming no substantial change in the broader credit and economic cycles. The company expects revenue to grow and drive growth in pre-provision earnings.
$TXN's gross profit in 4Q16 was $2.13Bil or 62.5% of revenue. The increase was mainly due to higher revenue and lower manufacturing cost. Operating expenses were $754MM or 22.1% of revenue, while operating profit was $1.32Bil, up 15% YoverY.