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$LULU expects CapEx to range between $160-165MM for FY16. This reflects new store openings, renovations, relocation capital and also strategic IT and supply chain capital investments. The company added that this is higher than the original guidance provided in March, due to the purchase of a land parcel in Vancouver for general corporate purposes.
Visa ($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.