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$CBRL now projects food commodity inflation to be flat for FY16. The company sees operating margin of about 9.5% of total revenue. $CBRL expects depreciation expense of $77-78MM, net interest expense of about $14MM and capital expenditures of $100-110MM. $CBRL now sees effective tax rate of about 29% on GAAP basis, or about 31% on adjusted basis.
Visa ($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.