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In 3Q16, $GIS' US Retail segment net sales fell 7% hurt by the Green Giant divestiture. International sales fell 13% due to negative foreign currency exchange effects. Convenience Stores and Foodservice sales fell 2% in 3Q16. On Joint Ventures, constant-currency net sales grew 22% for Haagen-Dazs Japan and fell 1% for Cereal Partners Worldwide.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."
Visa ($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.