Want to join the conversation?
$FRAN expects 3Q16 net sales of $114-118MM and EPS of $0.16-0.19. The sales outlook assumes a mid-single digit increase in comparable sales compared to the prior year increase of 4%. The company plans to open 14 to 20 new boutiques and close one to three boutiques during 3Q16.
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.