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$SMRT said that for FY16, the company continues to expect new stores to increase sales an estimated 4% above the comparable store sales results for the full year. Gross profit rate is expected to be 50 BP higher than in 2015 as the company return to more normal markdown levels in 4Q16. SG&A expense for FY16 is expected to be approx. $360MM.
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.