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For 2Q17, $SIG expects same store sales growth of 1-2%, EPS of $1.39-1.46 and adjusted EPS of $1.49-1.54. For FY17, $SIG expects same store sales growth of 2-3.5%, EPS of $7.88-8.23 and adjusted EPS of $8.25-8.55. Effective tax rate is expected to be 27-28%, Capex will be $315-365MM and net selling square footage growth will be 3-3.5% in FY17.
Visa ($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.