Posted in company, funds, sectors, tickers

Lower Spending

Sonic Corp (SONC) projected its fourth-quarter 2016 earnings below analyst forecasts because of slower customer spending at its restaurants. The stock has been sinking since September 24.

American Apparel Inc is expected to close out this calendar year with less than $350 million in revenue. The bulk of knit fabric operations may relocate from California to North Carolina, South Carolina or Tennessee – where the minimum hourly wage is $7.25. California’s minimum hourly wage is projected to rise to $15 by 2020.

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