Want to join the conversation?
In 1Q16, $HBI's SG&A costs fell about 130 BP to 25.8% of sales, driven by synergies from acquisitions, planned catalog circulation reductions and tight cost controls. Operating profit margin rose 110 BP to 12.1%. Cash flow from operations was a use of $285MM, which was in line with expectations.
$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.