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$SMRT said the company had 283 stores at the end of 2Q16 compared to 269 a year ago. Pre-opening costs related to new and relocated stores were $0.3MM. The company also stated that it is opening eight new stores this fall for a total of 13 new stores in 2016 and are closing one store in Aug. and will have 290 stores at the end of 2016.
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.