Want to join the conversation?
JWN's 2Q16 SG&A expenses, as a percent of net sales, rose 212 BP to 29.8% vs. 2Q15, mainly due to a FY15 benefit of $64MM related to the sale of credit card portfolio, as well as expense deleverage from the shift in sales volume into 3Q16 related to the Anniversary Sale event. For 1H16, $JWN repurchased 1.3MM shares of its common stock for $60MM.
Visa ($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.