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$KR recorded a $21MM LIFO charge during 2Q15 vs. $26MM in the same quarter last year. FIFO gross margin was 21.5% of sales for 2Q15. Excluding retail fuel operations, FIFO gross margin was down 7 BPs in 2Q15 from the same period last year. FIFO operating profit, excluding fuel, increased approx. $93MM in 2Q15 over the prior year.
Great results from $TSLA, however the question remains if Tesla can continue to scale up to produce the cars in the quantity it promises. Model 3 numbers need to be in multiples of what they are producing right now. Wish them the best, will keep an eye as I am still not convinced that they can scale easily.
Watching $TSLA Oct 28th $215 Calls for possible entry
Chipotle stock is crashing like a falling knife after it's earnings report last evening; down about 10% already today! Was Bill Ackman wrong in buying about 10% stake in $CMG couple of months ago? Or is this market reacting to disappointing earnings? And can they really get customers to trust them again after food-safety crisis?
$TSLA Just recalling Elon Musk's statement during Q4 earnings. "I am presently quite excited about is that we expect to be positive cash flow starting next month, and then continuing on into Q2 and beyond." Will the electric carmaker prove that it can be cash flow positive company this quarter?