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$BRC's 4Q16 gross profit margin was 50%, and excluding one-time charges recognized in 4Q15, the company's gross profit margin was approx. 47% from 4Q15. Sequentially, GM decreased from 50.7% in 3Q16, hurt by business mix. SG&A expense fell to $98.4MM vs. $102.9MM in 4Q15, due to the impact of stronger US dollar and reduced selling expenses.
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.