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$COH 4Q15 Call: In FY16, expects to complete about 60 renovations in North America and about 100 internationally; open expects to open 60-70 new stores. In FY15, COH’s global men’s business was approx. $700MM, representing 17% of COH brand sales; targeting $1Bil in sales in calendar 2017. Expects to spend about $450MM to renovate global fleet.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.