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In 2Q16, Brazil posted low single digit sales growth for $GIS. Canada sales rose 3% and net sales in Asia-Pac fell 2%, including double digit growth in India. In Europe sales fell 2%. For 1H16, constant currency net sales in Europe rose 2%. US retail profit fell 3% in 2Q16, driven by lower sales, including the impact of acquisitions & divestitures.
Visa ($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.