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$M, which competes with $DDS, JC Penney and Saks, said it is expecting that its gross margin rate for the full year will be approx. flat to last year. Expense dollars are now expected to be below last year for the full year, but the rate as a percent of sales will be higher. The company expects to return to its 14% EBITDA margin target in 2016.
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.