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Brian Nagel of Oppenheimer asks about seasonal sales. $BIG said it posted roughly 6% comp in 1Q16. Seasonal sales were flat to slightly down in 2Q16. Seasonal is roughly 15% of the business in 1Q and the spring season. Extrapolating this on the total company amounts to roughly one point of comp.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."
Visa ($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.