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$SONC is reaffirming its outlook for FY16 adjusted EPS growth of 20-25%. For FY16, $SONC expects 2-4% same-store sales growth for the system and 50-60 new franchise drive-in openings. Drive-in-level margins are expected to be flat-to-up 40BP. SG&A expenses are expected to be about $83-84MM. Depreciation and amortization is expected to be $45-46MM.
Visa ($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.