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$DNKN, the owner of Dunkin' Donuts and Baskin-Robbins, has named David Hoffmann as President of Dunkin' Donuts US and Canada, effective October 3, 2016. He will report to Nigel Travis, Chairman and CEO. Mr. Hoffmann replaces Paul Twohig who is retiring and will stay with the company through the end of 1Q17 to ensure a smooth transition.
Visa ($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.