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Clothing company $OXM's 2Q16 consolidated net sales increased versus 2Q15, with sales growth of 11% and a comp sales increase of 7% at the Tommy Bahama segment, 8% increase at Lilly Pulitzer, and Southern Tide contributing $9MM to sales in the quarter. Consolidated GM was lower than 2Q15, mainly due to Tommy Bahama and Lanier Apparel.
Visa ($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.