Kimberly-Clark beats profit estimates on cost cuts, demand for everyday essentials



Kimberly-Clark beats profit estimates on cost cuts, demand for everyday essentials | Kimberly-Clark, financial,

DALLAS (From news reports) -- Kimberly-Clark beat estimates for quarterly profit on ‌Tuesday, helped by cost controls and steady demand for its products including Huggies diapers and Kleenex tissues in North America, China and other key markets.

The Dallas-based company has cut jobs and shed low-margin businesses in recent years, including its private-label diaper and personal protective equipment segments.

That has shielded margins as Kimberly-Clark ‌expands its affordable ranges and offers lower-priced products that still carry premium features ​to attract cost-conscious customers and fight competition.

Kimberly-Clark is also in the process of turning itself into a global consumer health company following the acquisition of Tylenol maker Kenvue for $40 billion, and the ‍deal is expected to close by year-end. Shareholders vote on the deal on Thursday.
"We feel consumers remain interested in better performing products and that's at all price tiers, in this environment," CEO Mike Hsu said on a ⁠post-earnings call.
Prices fell 1.1%, while organic sales rose 2.1% in the fourth quarter, driven by a ‍2.7% growth in overall volumes as shoppers bought essentials such as sanitary pads and paper napkins at warehouse clubs ‌that ‌sell larger, value packs.

The company, which had warned that steep U.S. import duties, especially on Chinese goods, would pressure profits, posted an adjusted gross margin of 37%, in line with a year earlier.

"We're encouraged that Kimberly's rhetoric stressed the importance of consumer-valued innovation and marketing alongside its reluctance to ⁠rent share by relying ⁠on promotions to drive ​volume," said Morningstar analyst Erin Lash.

Adjusted earnings per share of $1.86 came in above analysts' estimates of $1.81, according to data compiled by LSEG.

Net sales for the quarter ended December 30 totaled $4.08 billion, slightly shy of expectations of $4.09 ‍billion.

Consumer goods bellwether Procter & Gamble also exceeded quarterly earnings expectations last week, despite revenue being slightly short of expectations.

Kimberly-Clark projects 2026 organic sales to be in line with or ahead of the roughly 2% average growth seen across the ​categories and markets it competes in.

It expects adjusted profit per ‍share to grow at a double-digit rate, with margins expanding as it improves efficiencies.

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