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In 2016, $KMB plans to achieve cost savings of at least $350MM from its FORCE (Focus On Reducing Costs Everywhere) program, and at least $50MM from its 2014 organization restructuring. The company anticipates the net impact of changes in commodity costs to be between deflation of $100MM and $50MM of inflation.
Visa ($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.