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Michael Lasser of UBS asks about margins for 2H16. $AAP said there are 3 drivers. SG&A and supply chain deleverage will be the biggest driver of operating margins in 2H16. The second is investments in service and availability and the third is inventory which is expected to be up low single-digits by year-end. $AAP expects some strain on margins.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.