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Simeon Gutman of Morgan Stanley asks about flattish operating income target in FY17. Sharon McCollam, CFO of $BBY said that from a working capital point of view, the accounts payable to inventory ratio in FY16 was very low due to the shift of Super Bowl. In FY17, Super Bowl will be around the same time, but $BBY will expects to increase the ratio.
$AAL is getting stronger into Dec. after a strong Nov..!! I’m feeling confident about their 4Q revenue forecast for a margin rise.
$KO’s CEO Muhtar Kent to step down next year. COO James Quincey will take the helm in what is already a smooth sailing scenario. And as always, shares reflect by growing 2% after the market opened.