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Apparel and accessories company $BKE said comparable store net sales for July, 2016 fell 10.9% from July, 2015. Net sales in July fell 9.8% to $66.5MM from last year. Comparable store net sales for the 13-week second quarter ended July 30, 2016 dropped 10.8% from the prior-year period. Net sales for the qtr. fell 10.1% to $212.2MM from last year.
Visa ($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.