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$SJM 1Q16 Call: Non-GAAP gross profit grew slightly faster than sales, resulting in a 20BP increase in gross margins to 38%. SD&A increased 53% as selling and marketing expenses grew at a slightly faster rate than net sales. Amortization expense increased $28MM as a result of the Pet Foods' acquisition.
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.