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$VFC said it has completed the sale of its Contemporary Brands businesses to Delta Galil Industries. The brands included in the transaction are 7 for All Mankind, Splendid and Ella Moss. This follows the June 30, 2016, news release in which $VFC had entered into a definitive agreement with Delta Galil regarding the sale of these businesses.
Visa ($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.