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1Q16 cost of sales was $208MM, down $2MM compared to a year ago. Underlying cost of sales was up 10% after adjusting reported costs for the positive effect of FX, driven by volume growth and higher input costs, including wood, glass, grain, and grapes. Looking ahead, $BF.B expects that input costs will increase in the low-to-mid single digits.
Visa ($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.