Want to join the conversation?
$BRC's 4Q16 gross profit margin was 50%, and excluding one-time charges recognized in 4Q15, the company's gross profit margin was approx. 47% from 4Q15. Sequentially, GM decreased from 50.7% in 3Q16, hurt by business mix. SG&A expense fell to $98.4MM vs. $102.9MM in 4Q15, due to the impact of stronger US dollar and reduced selling expenses.
Apple ($AAPL) reported decline in sales and profits from comparable quarter last year, attributing the decline to announcement of iPhone 7/7s. Sales and profit are being guided higher for next quarter. Apple is a solid company and will continue to dominate tech and consumer electronics segment for a while. Personally, looks like there is little downside in this investment.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."