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$VFC's Outdoor & Action Sports coalition revenue was up 13% driven by nearly the same growth rate in wholesale and DtoC. Revenue for brands like The North Face was up 11%, for Vans it was up 10% with a high teen increase in DtoC sales and mid-single digit increase in wholesale and for The Timberland, revenue was up 21% globally.
Visa ($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.