Market Updates
Kimberly-Clark Advances Higher Costs to Consumers, Lifts Sales Outlook
Scott Peters
22 Apr, 2022
New York City
Kimberly-Clark reported first quarter 2022 sales increased 7% to $5.1 billion, net income declined 10% to $535 million, and diluted earnings per share fell by the same amount to $1..55 from $1.72 a year ago.
Organic sales in the quarter increased 10% and estimated full-year sales growth in the range of 4% to 6% from the previous estimated range between 3% and 4%.
Personal Care segment quarterly sales increased 11% to $2.7 billion on 8% price increase and volume improved 3%.
Consumer Tissue segment quarterly sales increased 4% to $1.6 billion and net selling price increased 5% and volume improved 2 points.
Professional segment revenues increased 4% to $0.8 billion on 4% increase in net selling price.
In the quarter, the company completed purchase of majority and controlling stake in Think Inc for $181 million. The company made an initial minority investment in the maker of reusable period and incontinence underwear in 2019.
Outlook
The company lifted its annual sales outlook to between 2% to 4% from the prior range between 1% to 2% and reaffirmed previous unadjusted earning per share outlook.
Adjusted earnings per share estimate was revised higher to a range between $5.60 and $6.00.
Annual Returns
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Earnings
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