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$TSCO's gross profit increased 11.2% to $494.4MM for 1Q16 from 1Q15. As a percent of net sales, GM increased 30BP to 33.7% from the prior year. The increase in GM was driven primarily by improved merchandise margin, partially offset by increased transportation costs. Net income increased 16.6% to $67.7MM or $0.50 per diluted share in 1Q16.
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.