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$STZ's gross profit for FY16 increased by 14% from last year. The increase was primarily due to rises in Beer of 21% and Wine and Spirits of 5%. The increase in Beer is primarily due to the volume growth within Mexican beer portfolio, the favorable impact from pricing in select markets and lower organic cost of product sold.
Visa ($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.