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John Glass of Morgan Stanley also asks about Pizza Hut China impacting margins in 4Q15. $YUM CFO Pat Grismer said that with respect to margins, the company is not going to bifurcate by brands. From the comps reported, the sales performance at Pizza Hut casual dining was not as strong as KFC, so that did weight more heavily on Pizza Hut in China.
$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?