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$BF.A $BF.B, which owns brands like Southern Comfort and Tuaca, said that YTD, FX has negatively affected net sales growth by 8 points. Price mix was up 4 points in 3Q16. Underlying A&P spend rose 1%, while underlying SG&A grew 4%, both being a few points below on a reported basis as FX helped the company's non-US dollar denominated cost.
$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.