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Eric Gottlieb with D.A. Davidson asks if the company is seeing push-back from its customers in any particular category. $LANC said that on the retail channel, the company is not seeing any particular push-back from customers. On the food service side, it is not push-back, but the pricing into that channel which is more cost driven.
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.