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For 2016, $CLC expects consolidated diluted EPS of $2.60-2.80 and net sales of $1.37-1.41Bil. $CLC is reducing consolidated operating margin guidance to 13.9-14.5%. The 2016 earnings guidance includes approx. $7MM of net interest and other expense. Cash from operations will be $200-220MM and Capex will be $45-55MM.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.