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$FL said it invested $66MM of capital in the business during 2Q16, as the company executes its elevated CapEx program in 2016. The company is expected to come in $5-10MM below the $297MM target set at the beginning of 2016. The shortfall is mainly due to the timing of certain substantial projects related to stores and infrastructure initiatives.
Visa ($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.