The maker of Kleenex tissues and Huggies diapers warned prices are going up.
Kimberly-Clark minimize its revenue outlook Tuesday, citing increased uncooked supplies costs. Chairman and CEO Thomas Falk hinted that the corporate could have to begin charging prospects extra to make up a few of the distinction.
A stronger greenback can be hurting the corporate.
The mix of upper commodity prices and a powerful US greenback is anticipated to be a drag on gross sales and revenue for different multinational firms as they report their newest ends in the approaching days and weeks.
Bonnie Herzog, an analyst with Wells Fargo Securities, stated in a report Tuesday that expectations for Kimberly-Clark had been already “very weak heading into the quarter.” She stated she stays involved about intensified stress due to rising commodity prices.
Shares of Kimberly-Clark ( had been flat in noon buying and selling — and the inventory was lacking out on a broader market rally. The Dow was up practically 150 factors and the Nasdaq hit a brand new all-time excessive. )
Along with Huggies and Kleenex, Kimberly-Clark makes Pull-Ups in addition to the Scott and Cottonelle manufacturers of bathroom paper.
CNNMoney (New York) First revealed July 24, 2018: 11:23 AM ET