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Teen clothing retailer $BKE reported a drop in 1Q16 earnings due to lower net sales and comparable store sales. Net income fell to $23.1MM or $0.48 per share from $33.57MM or $0.70 per share last year. Sales dropped to $243.54MM from $271.34MM. Excluding adjustment recorded for estimated future rewards, net sales were down 9.1%.
Visa ($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.