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Apparel company $UA's net revenues increased 28.5% to $3.9Bil in 2015. License revenues increased 25.3% to $84.2MM and Connected Fitness revenue increased 177.8% to $53.4MM. Gross profit grew to $1.9Bil and GM decreased 90BP to 48.1% in 2015. Income from operations increased 15.4% to $408.5MM in 2015.
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.