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$RT's restaurant level margin, excluding franchise revenue, for 4Q16 fell to $51.9MM from $55.2MM last year. As a percentage of corporate-owned restaurant sales, restaurant level margin held steady at 18.7% as increases in cost of goods sold along with payroll and related costs were offset by a reduction in other restaurant operating costs.
$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.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?