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For 1Q16, $MAC's portfolio of sales were $625 per square foot, representing a 3% rise YoverY. The impact of portfolio changes reduced sales by $13 per square foot. Comparable center sales rose 4.6% YoverY and sales increases were strongest in the West Coast centers. Beauty & cosmetics, athletic footwear and athletic apparel did well in 1Q16.
Visa ($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.