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$TSCO's selling, general and administrative expenses as percent of sales for FY15 rose to 24% from 23.8% in FY14. This increase was mainly related to deleverage in rent and other occupancy costs at stores and incremental costs associated with 2 new mixing centers and new distribution facility in Casa Grande, Arizona.
Visa ($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.