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Pennsylvania-based chocolate maker $HSY said that its adjusted gross margin increased 30 BPS to 44.2% in 4Q15, but missed its expectations. Higher pricing, slightly favorable input costs and productivity savings partially offset unfavorable sales mix and other supply chain costs to increase gross margins.
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.