Kimberly-Clark Corp.'s stock KMB, +0.36% fell 1.5% early Tuesday, after the consumer goods company posted weaker-than-expected sales for its second quarter. The parent to brands including Huggies, Kleenex and Scott toilet paper, had net income of $544 million, or $1.61 a share, for the quarter, up from $102 million, or 30 cents a share, in the year-earlier period.
Kleenex tissue maker Kimberly-Clark on Tuesday raised its forecast for full-year profit after beating Wall Street estimates for second-quarter profit, betting on higher prices and steady demand for its personal care products.
Kimberly-Clark's (KMB) second-quarter performance is likely to reflect gains from brand strength and cost-saving efforts. However, cost inflation and supply chain volatility are a concern.
Kimberly-Clark (KMB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Here is how Kimberly-Clark (KMB) and Pilgrim's Pride (PPC) have performed compared to their sector so far this year.
Kimberly-Clark is scheduled to report its quarterly results early next week, and expectations are running high. The stock is already pricing in a significant improvement in margins, and this could weigh on returns through the rest of 2024. At the same time, macroeconomic headwinds are gathering, and this is a major risk that investors should keep a close eye on.
Kimberly-Clark is a global personal care and paper products manufacturer with recognizable brand names like Huggies and Kleenex. The company faces risks such as inflation, competition, and challenges in international markets, particularly in Russia. Despite consistent earnings and dividends, the stock is trading at high multiples to book value, making it a hold for now.
Piper Sandler analyst Korinne Wolfmeyer reiterated the Overweight rating on Kimberly-Clark Corporation KMB, raising the forecast to $174 from $167.
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