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$ANF stated that it extended its brand reach through its second major franchise partnership to establish retail store presence in Saudi Arabia, Qatar, Bahrain & Oman. The company expects to open the first stores in Qatar in 1Q17 & in Saudi Arabia in 2H17. During 1Q16, $ANF continued to shift to the higher margin, made-for-outlet merchandise model.
Visa ($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.