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Jefferies analyst Randy Connick asks $KORS whether the wholesale reduction strategy is more of a unit base or SKU count reduction kind of philosophy. CEO John Idol says that there is not going to be any change in SKU. The amount of product innovation is exciting. AUR declined in both channels and in retail channel it was driven by size of bag.
Visa ($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.