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For FY16, $GIS US Retail segment net sales were down 5% including a 2-point decline from the net impact of the Green Giant sale and the Annie's and EPIC acquisitions. Convenience Stores and Foodservice segment posted 5% net sales growth in FY16, with the strongest performance in frozen meals. International segment net sales rose 3% during FY16.
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.