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$DRI said sales in its largest segment Olive Garden, which comprises of 55% of total sales, grew 1.2% to $892.3MM in 2Q16 compared to 2Q15. Sales in LongHorn Steakhouse increased 5.6% to $365.1MM and sales in Fine Dining grew 2.4% to $123.3MM in 2Q16. Sales in Other Business increased 8.1% to $228.1MM.
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.