Read How Huggies Maker Kimberly-Clark Fared In Q2

Comments
Loading...
  • Kimberly-Clark Corp KMB reported second-quarter FY22 sales growth of 7% year-on-year, to $5.06 billion, beating the consensus of $4.97 billion.
  • Organic sales increased 9% as net selling prices rose 9%, volumes fell 1%, and product mix increased sales 1%.
  • In North America, organic sales rose 11% in consumer products and 8% in K-C Professional.
  • Sales from the personal care segment increased 8%, the consumer tissue segment rose 8%, and K-C Professional climbed 5%.
  • Adjusted EPS of $1.34 beat the analyst consensus of $1.29.
  • Gross profit increased 3% Y/Y to $1.53 billion. Marketing, research, and general expenses rose 6% Y/Y to $906 million.
  • Operating income increased 1% to $621 million, with an operating margin of 12.3%.
  • Cash provided by operations in the quarter was $740 million. The company held $311 million in cash and equivalents as of June 30, 2022.
  • Outlook: Kimberly-Clark expects FY22 organic sales to increase 5% - 7% (prior outlook 4% - 6%).
  • The company maintains an FY22 adjusted EPS forecast of $5.60 - $6.00 versus the consensus of $5.76.
  • Price Action: KMB shares are trading lower by 1.54% at $131.37 on the last check Tuesday.
  • Photo Via Company
Overview Rating:
Speculative
50%
Technicals Analysis
66
0100
Financials Analysis
40
0100
Overview
Market News and Data brought to you by Benzinga APIs
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!