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$HNI said Hearth sales are expected to be flat to down 4% in 2Q16. New construction channel sales are expected to be strong, up 10-14%. The company is projecting retail pellet sales to be down 26-30% and retail non-pellet sales to be down 10-14%. Non-GAAP SG&A is expected to be comparable to 2Q15 amount of $167MM.
Visa ($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.