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Sporting goods retailer $HIBB reported a rise in 1Q17 earnings driven by improved performance in its apparel assortment as well as solid management of markdowns and promotions. Net income rose to $27.91MM or $1.22 per share from $27.41MM or $1.09 per share last year. Net sales grew to $282.09MM from $269.82MM. Comparable store sales increased 1.1%.
Visa ($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.