Want to join the conversation?
UBS analyst Mike Binetti asks how much of Calvin Klein's implied revenue decline of 6% is non-recurring items that's holding back the growth rate for 4Q16. $PVH says that in 3Q16, it will execute on Mexico agreement at Calvin Klein that will move this business to a JV. The company will have about $40MM revenue hit in 2H16.
$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.
$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.