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$KR said that its First-In First-Out (FIFO) operating margins increased 18 BPs during 3Q15. The expansion in operating margin was mainly due to continued stronger than expected ID sales. Return on invested capital (ROIC), on a rolling four quarters basis, was 14.16%. $KR continues to expect ROIC for FY15 to increase from FY14.
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.