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$M said it is not expecting a major change in sales trend in Jan. & expects a comp sales decline on owned plus licensed basis in 4Q15 to 4.7% decline in Nov./Dec. from previous guidance of down between 2% & 3%. Guidance for comp sales on an owned plus licensed basis in FY15 to decline by 2.7% (from previous guidance of down 1.8-2.2%).
Visa ($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.