$C 2Q15 Call - John, CFO: 1H15 Results: Total efficiency ratio for Citigroup, including Citi Holdings, was 56%. Net income grew by 17% YoverY. Generated ROA of 103 basis points and return on Tangible Common Equity was 10.5%. In constant dollars, Citigroup end of period loans declined 1% YoverY to $632Bil. Deposits down 1%, driven by Citi Holdings.
$ROCK said it will exit its US bar grating product line and its small European business selling residential solar racking as part of its portfolio management and 80/20 strategic initiatives. This action will include the closing of 5 facilities and the release of 250 employees over the next 120 days.
in terms of ecommerce, the company was trending below its internal plan at the
start of 2016. The company believes the operating loss for 2016 will be about $12-13MM.
The ecommerce sales were below initial expectations but volumes in 3Q16 were
higher than 2Q16. The company is taking steps to grow this business.
$MCD selected Lionhorn Pte. Ltd. as the Developmental Licensee (DL) for its Malaysia and Singapore markets. Lionhorn is led by Sheik Fahd and Abdulrahman Alireza, who brings 20 years of experience as the DL for nearly 100 $MCD's restaurants in the Western and Southern regions of Saudi Arabia.
$GCO expects to open 88 stores and close 91 stores for FY17. Gross margin is expected to be up 140-160 bps and CapEx is expected to be in the range of $110-120MM. The company expects depreciation and amortization expenses of $76MM and average shares outstanding of 20.2MM.
$GCO said 4Q17 consolidated comp sales through November end decreased 2%, with positive impact of the World Series on the Lids Sports sales offsetting weaker comps so far. The company expect the Cubs' victory to continue to drive sales through 4Q17, with less impact than the gains immediately following the Series.