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$CVS 2Q15 Call: Pharmacy same store sales grew 4.1%. Front store comps down 7.8%. Store brand penetration continues to grow in 2Q15, reaching 20.9% of front store sales, up 265 BP from 2Q14. CVS plan to add about 150 net new stores for FY15. As for MinuteClinic, opened 11 new clinics in 2Q15, ending with 997 clinics across 31 states in Colombia.
Visa ($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.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.