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Specialty retailer $CATO posted sales of $87.4MM for four weeks ended May 28, 2016, a 1% decrease vs sales of $88.5MM during the same period the prior year. Same-store sales for the month fell 2%. As of May 28, 2016, $CATO operated 1,372 stores in 33 states, compared to 1,353 stores in 32 states as of May 30, 2015.
$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.