On Tuesday, Shares of Sprint Corporation (NYSE:S), lost -0.79% to $5.02.
Mayor Rahm Emanuel and Sprint Corporation declared an expansion of Sprint® for Chicago, which will add more than 750 new jobs to neighborhoods throughout Chicago and an predictable investment of nearly $150 million by the end of 2016. Today’s declaration builds on the 300 new jobs that Mayor Emanuel and Sprint declared in March 2015 when launching the Sprint® for Chicago initiative, which is dedicated to improving customer service and simplifying the brand experience. In total, Sprint anticipates to add more than 1,000 new jobs in Chicago by the end of 2016.
“Sprint is doubling down on its commitment to Chicago by adding over one thousand jobs to our city’s economy and further investing in the infrastructure that is bringing both the jobs and the technology to power Chicago’s neighborhoods and communities for the 21st century,” said Mayor Emanuel.
Sprint Corporation, through its auxiliaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands.
Shares of Starbucks Corporation (NASDAQ:SBUX), declined -2.21% to $53.50, during its last trading session.
Starbucks Corporation declared the company will present at the Goldman Sachs Global Retailing Conference on Thursday, September 10, 2015 at 3:10 p.m. ET.
Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; Europe, Middle East, and Africa; China/Asia Pacific; and Channel Development.
Finally, American Eagle Outfitters, Inc. (NYSE:AEO), ended its last trade with -0.29% loss, and closed at $16.97.
American Eagle Outfitters stated EPS of $0.17 for the second quarter ended August 1, 2015, a noteworthy improvement from EPS of $0.03 for the comparable quarter last year, and above EPS guidance of $0.11 to $0.14. The EPS figures refer to diluted earnings per share.
Second Quarter 2015 Results
- Total net revenue raised 12% to a record $797 million from $711 million last year.
- Merged comparable sales raised 11%, contrast to a 7% decrease last year.
- Gross profit raised 20% to $285 million and the gross margin rate rose 230 basis points to 35.7%. Buying, occupancy and warehousing costs leveraged 130 basis points, primarily due to strong sales, combined with our fleet rationalization. Reduced markdowns drove another 100 basis points of margin expansion.
- Selling, general and administrative expense of $196 million raised 3% from $190 million last year. As a rate to revenue, SG&A leveraged 220 basis points to 24.5% contrast to 26.7% last year. Expense reduction initiatives partially offset improvements in incentive and variable selling expense, driven by strong sales performance.
- Operating income raised to $53 million from $12 million last year, and the operating margin expanded 500 basis points to 6.7% as a rate to revenue.
- Other expense of $2.2 million is primarily comprised of currency losses related to cash held in Canadian dollars.
- The tax rate of 34.7% comprises a benefit of about $2.5 million, primarily due to an income tax settlement.
- EPS of $0.17 rose significantly from EPS of $0.03 last year.
American Eagle Outfitters, Inc. operates as a retailer of apparel and accessories in the United States and internationally. The company’s stores offers denims, pants, shorts, sweaters, fleece, outerwear, graphic T-shirts, footwear, and accessories for 15 to 25 year old men and women under the American Eagle Outfitters brand name; and intimates and personal care products for women the aerie brand name.
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