Want to join the conversation?
$SYY's overall food cost deflation was 0.4% as measured by estimated change in product costs, with deflation in meat, seafood and poultry categories partially offset by modest inflation in other categories. Also, sales from acquisitions completed within last 12 months rose sales by 0.9%, and impact of changes in FX rates declined sales by 1%.
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.