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$TSCO reported that its preliminary 2Q16 net sales increased 4.5% to $1.85Bil from $1.77Bil in the previous year quarter. Comparable store sales decreased 0.5%, due to weaker than expected sales of spring seasonal products. Comparable store transaction counts rose 1.5%. $TSCO sees 2Q16 EPS of $1.15-1.16.
Does anyone feel $SBUX CEO Schultz stepping down could prove a disaster for the company?
$DB is going to cut off services for about 3,400 clients in equities trading.
$F stock slid more than 2% after the company issued two safety recalls involving more than 650,000 Ford Fusion and Lincoln MKZ model cars.
The new CEO of $SBUX, Kevin Johnson, has some pretty large shoes to fill but there are many who have good faith in his ability to do so.