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$COH 4Q15 Call: CapEx was $200MM for FY15. Distribution growth for FY15 was flat across all channels and geographies. GM was 69.5% in 4Q15 on a non-GAAP basis. Non-GAAP SG&A expenses as a percent of net sales was 56.4% vs. 49% in 4Q14. Non-GAAP operating margin was 12.7% in 4Q15. In total, square footage in North America declined 6% for FY15.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?