Welcome to our dedicated page for Kimberly-Clark news (Ticker: KMB), a resource for investors and traders seeking the latest updates and insights on Kimberly-Clark stock.
Kimberly-Clark Corporation (NYSE: KMB) news hub provides investors and stakeholders with centralized access to official company communications and market-moving developments. Track all essential updates from this global leader in personal care and consumer tissue products, including earnings announcements, product innovations, and strategic initiatives.
This resource aggregates KMB's press releases, regulatory filings, and verified news coverage to streamline your research process. Find timely updates on quarterly financial results, sustainability progress, product launches, and leadership changes, all organized for efficient navigation. Regular updates ensure you stay informed about developments impacting this consumer goods leader's market position.
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Kimberly-Clark Corporation (NYSE: KMB) reported first quarter 2023 results with net sales of $5.2 billion, reflecting a 2% growth and 5% organic growth. The increase stems from a 10% price increase and enhanced product mix, despite a 5% decline in volume. Gross margin improved by 340 basis points to 33.2%, aided by revenue growth management initiatives. Diluted EPS rose 8% to $1.67, jumping 24% on an adjusted basis. The company's 2023 outlook for adjusted EPS growth has been raised to 6% - 10%, with an anticipated low double-digit increase in operating profit. Challenges remain due to ongoing inflation, impacting input costs by $160 million. Cash flow from operations was robust at $613 million.
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