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$STZ 1Q16 PR: Segments: Beer net sales increased 11% to $965.8MM vs. $867.7MM in 1Q15, primarily due to volume growth and Beer depletions grew 10%. Wine and Spirits net sales on a constant currency basis increased 4% to $665.5MM vs. $658.3MM in 1Q15, primarily reflecting higher shipment volume and favorable mix.
Visa ($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.