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Segment profit margin fell 90 BPs to 14.8% in $DRI's Fine Dining segment. Although margins were lower due to negative same-restaurant sales in 1Q17, they were flat when excluding incremental rent expense and pre-opening costs, mainly related to 2 new Capital Grille openings in the quarter. Other business segment profit margins fell 10 BPs YoverY.
$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.