Kimberly-Clark trims sales forecast as consumers shift to cheaper options [Globe and Mail, The (Toronto, Canada)]
Kimberly-Clark Corporation (KMB)
Last kimberly-clark corporation earnings: 4/22 07:30 am
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Source: Globe and Mail, The
Kleenex tissue maker Kimberly-Clark KMB-N decrease on Tuesday cut its annual organic net sales forecast after missing Wall Street estimates for third-quarter sales, as consumers swap its pricier personal care goods for cheaper alternatives. Shares of the company, which maintained its annual profit forecast, were down about 4 per cent in early trading. Although U.S. inflation has eased from its peaks, consumer spending has slowed as rising input costs drove companies to raise prices, leading consumers to opt for cheaper private label brands. The company's overall volumes in the quarter to Sept. 30 was flat compared with a year ago, while its prices were up 1 per cent. The price hikes, however, helped KMB report a quarterly adjusted profit of $1.83 per share, above analysts' estimates of $1.70 per share, according to data compiled by LSEG. The results reflect broader market trends, with larger rival Procter & Gamble reporting a surprise drop in quarterly sales last week as
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- Kimberly-Clark Declares Quarterly Dividend and Announces Date of 2024 Annual Shareholder MeetingPR Newswire
KMB
Earnings
- 10/22/24 - Beat
KMB
Sec Filings
- 11/22/24 - Form 4
- 11/22/24 - Form 144
- 11/14/24 - Form 4
- KMB's page on the SEC website