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The average SNAP recipient received about $125 a month (or about $4.17 a day) in fiscal year 2014. The SNAP benefit formula targets benefits according to need: very poor households receive larger benefits than households closer to the poverty line since they need more help affording an adequate diet. Its net monthly income, or income after deductions are applied for items such as high housing costs and child care, must be less than or equal to the poverty line (about $19,800 a year or $1,650 a month for a three-person family in fiscal year 2015).
Snap-on Incorporated (NYSE:SNA) posted its quarterly earnings data on Thursday, February, 2nd. The company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.41 by $0.06. The company had revenue of $889.80 million for the quarter, compared to the consensus estimate of $884.09 million. Snap-on Incorporated had a return on equity of 20.89% and a net margin of 15.93%. The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the business posted $2.22 earnings per share.