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Read How Huggies Maker Kimberly-Clark Fared In Q2

Published 26/07/2022, 15:37
Updated 26/07/2022, 16:10
© Reuters.  Read How Huggies Maker Kimberly-Clark Fared In Q2

© Reuters. Read How Huggies Maker Kimberly-Clark Fared In Q2

  • Kimberly-Clark Corp (NYSE: NYSE:KMB) reported second-quarter FY22 sales growth of 7% year-on-year, to $5.06 billion, beating the consensus of $4.97 billion.
  • Organic sales increased 9% as net selling prices rose 9%, volumes fell 1%, and product mix increased sales 1%.
  • In North America, organic sales rose 11% in consumer products and 8% in K-C Professional.
  • Sales from the personal care segment increased 8%, the consumer tissue segment rose 8%, and K-C Professional climbed 5%.
  • Adjusted EPS of $1.34 beat the analyst consensus of $1.29.
  • Gross profit increased 3% Y/Y to $1.53 billion. Marketing, research, and general expenses rose 6% Y/Y to $906 million.
  • Operating income increased 1% to $621 million, with an operating margin of 12.3%.
  • Cash provided by operations in the quarter was $740 million. The company held $311 million in cash and equivalents as of June 30, 2022.
  • Outlook: Kimberly-Clark expects FY22 organic sales to increase 5% - 7% (prior outlook 4% - 6%).
  • The company maintains an FY22 adjusted EPS forecast of $5.60 - $6.00 versus the consensus of $5.76.
  • Price Action: KMB shares are trading lower by 1.54% at $131.37 on the last check Tuesday.
  • Photo Via Company
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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