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$BKE said its 1H16 net income was $38.6MM or $0.80 per diluted share compared to $57.1MM or $1.18 per diluted share in 1H15. Net sales for 1H16 decreased 10.2% to $455.7MM from $507.4MM in 1H15. Comparable store net sales fell 10.9% from the same period last year, and online sales decreased 0.9% to $43.9MM in 1H16.
Visa ($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.