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$CMG opened 58 new restaurants during 1Q16, bringing the total restaurant count to 2,066. Food costs were 35.3% of revenue, an increase of 140 BPs as compared to 1Q15. The increase in food costs were partially offset by relief in beef prices.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.