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$SYY 4Q15 PR: Sales were $12.4Bil, an increase of 0.9% vs. 4Q14. Food cost inflation was flat, as measured by the estimated change in Sysco's product costs, with modest inflation in the meat, poultry and frozen categories. Gross profit was $2.2Bil, an increase of 3% compared to the same period last year. Gross margin increased 35 BP to 17.9%.
Visa ($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.