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$SFM said it now expects 3Q16 to be about flat. For FY16, $SFM now sees comparable store sales growth of 1.5-2.5% and EPS of $0.83-0.86, given the current environment. This update reflects the impact of significant ongoing deflation, the stepped-up promotional environment and $SFM's cautious outlook for the remainder of the year.
Visa ($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.