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$PEP, which competes with $KO and $DPS, said that since 2012 the company has generated approx. $1Bil of annual productivity savings and is on pace to do so in 2016. The company also said that it has fully implemented its zero-based smart spending program across the enterprise and is seeing significant expense reductions in the areas targeted.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.