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$YUM said that as per the Chinese government's retail tax reform, a 6% output VAT would replace the present 5% business tax currently applied to certain restaurant sales in China. $YUM expects that this reform will positively benefit it and will enable it to invest continuously in the business and create thousands of additional jobs in China.
Visa ($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.