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$HBI expects total cost to acquire and integrate both Champion Europe and Pacific Brands to be less than $100MM, of which about $50MM is expected to be recognized in 2016. About $200MM or 55% of sales from Champion and Pacific are expected in 4Q16. With Hanes Europe and Knights Apparel integration on plan, $HBI expects $40MM in synergies in 2016.
Visa ($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.