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Effective tax rate was 130 BP higher than last year and $DRI is expecting full-year tax rate to be within 21-24% range as was disclosed in June. From a balance sheet point of view, $DRI received approx. $130MM in proceeds that was related to the sale leaseback of 33 restaurant properties.
Visa ($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.