Want to join the conversation?
$KBH said that its 3Q16 SG&A expense ratio of 10.8% improved 110 BP from 3Q15 due to ongoing cost containment initiatives. The company expects 4Q16 SG&A expense ratio to be in the low-to-mid 9% range and for the full-year 2016, expense ratio is anticipated to be just below 11%, which is in line with the previous guidance.
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.