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Grocery distributor and retailer $SPTN reported a decline in 1Q16 earnings due to higher restructuring charges and lower sales in the military and retail segments. Net income slid to $9.85MM or $0.26 per share from $10.33MM or $0.27 per share last year. Net sales fell to $2.28Bil from $2.31Bil. Adjusted EPS rose to $0.54 from $0.44.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.