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$DRI's Olive Garden and LongHorn Steakhouse sales rose in 3Q16, driven by US same-restaurant sales growth. Yard House, The Capital Grille, Bahama Breeze, Seasons 52 and Eddie V's in total grew sales 8.4% above 3Q15, driven by sales from 7 net new restaurants added since 3Q15 and combined same-restaurant sales rise of 5.5% across the brands.
Visa ($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.