Want to join the conversation?
$GPS said that it expects an annualized savings of about $275MM due to the streamlining of its operating model and store closures. Annualized sales loss is expected to be about $250MM from the closure of approximately 75 stores. The company anticipates restructuring costs of about $300MM, of which about $100MM is estimated to be non-cash.
$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.