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$PLCE's net sales for 1Q16 grew to $419.35MM from $404.87MM last year. The 1Q16 included the negative impact of about $2.2MM from currency exchange rate fluctuations. On a constant currency basis, net sales rose by 4.1%. Comparable retail sales for 1Q16 increased 5.1%, on top of a positive 0.7% comp in 1Q15.
Visa ($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.