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Caroline Levy of CLSA asks what is A&M as a percent of sales for beer in 1Q17 and whether $STZ still sees it at 8.5-9.0% for the year. CFO David Klein said 8.5-9.0% is across the entire beer business and added that $STZ has begun advertising on Pacifico on a broader scale than it has in the past and saw depletion growth of around 17% in 1Q17.
Visa ($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.