topping Wall Street expectations on profit and revenue. Gross profit margins rose to 28.9%, up from 27% a year ago.
" was one of the tailwinds to profit in the quarter, and as we stepped into the year, our aim was to have shrink plateau, and so to improve from the deterioration we've seen over the last couple of years, two quarters in — we're achieving that and then some," Fiddelke said.of declining sales, a month after turning down a $6.9 billion buyout offer. The retail chain reported net sales dropped 3.8% year-over-year to $4.9 billion, missing Wall Street expectations of $5.06 billion.
The stake sale puts an end to an eight-year partnership between the two companies amid a challenging landscape for China's economy. The economic landscape has been impact by a falling real estate market, high youth unemployment ,and trade tensions between Washington and Beijing.Kansas mom sentenced to life in prison after her 2-year-old son fatally shot her 4-year-old daughter
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