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For FY17, $GCO expects adjusted diluted EPS to be $4.80-4.90, representing a 12-14% rise over FY16. This does not include the expected non-cash asset impairments and other charges, estimated in the range of $9.8-10.3MM pretax, or $0.30-0.31 per share after tax. The guidance assumes comparable sales increases in the 1-2% range for FY17.
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.