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Anna Andreeva from Oppenheimer asks about the drivers of SG&A leverage in 2Q16 and the expectation for deleverage in 3Q16. $LB said the management is focused on balancing investments in the business including those that hit the SG&A line with discipline. On the difference between 2Q16 and 3Q16 results, in 3Q16, $LB has a lower sales assumption.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$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.