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$SJM's net sales for 1Q17 decreased 7% due to impact of divested U.S. canned milk business and price declines. Excluding noncomparable divested business and FX, net sales slid 5%, on 4 percentage point impact of lower net price realization. Unfavorable volume/mix, driven by U.S. Retail Pet Foods segment, also contributed to lower net sales.
Visa ($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.