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$BBY expects to incur total pre-tax charges of $200-280MM related to consolidation of the Future Shop and Best Buy stores and websites in Canada. The total charges include about $140-180MM of cash charges. $BBY expects to substantially complete this activity in FY16 with the exception of lease payments for vacated stores.
Visa ($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.