Want to join the conversation?
In 2Q16, $DRI's total operating costs and expenses were $1.53Bil and as a percent of sales, total operating costs and expenses decreased to 94.9%. Net interest expense increased as a percent of sales primarily due to the $35.6MM of debt retirement costs recorded in 2Q16. The effective income tax rate was 23.4% for 2Q16.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.