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SG&A as a percentage of sales increased slightly in 3Q15. This increase was due to higher brand investment, acquisition related cost and deleveraging effect of weaker demand in Brazil. However, $WHR expects SG&A margins to return to prior year levels as it realize integration synergies, additional fixed cost reductions and higher volumes in 4Q15.
Visa ($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.