Want to join the conversation?
Based on strong 1Q16 results, $CLX now anticipates modest increase in gross margin to about 25-50 BPs and continues to anticipate SG&A expenses slightly below 14% of sales in FY16. $CLX forecasts its FY16 tax rate on earnings from continuing operations to be between 34-35%.
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.