Kimberly-Clark 1Q Profit Down as Rising Costs Offset Sales Growth
22 Abril 2022 - 9:33AM
Dow Jones News
By Rob Curran
Kimberly-Clark Corp. said first-quarter earnings fell 10%, as
rising costs eclipsed sales growth, even as the consumer products
giant boosted prices.
The maker of Huggies diapers and Kleenex tissues said
first-quarter net income fell to $523 million, or $1.55 a share,
from $584 million, or $1.72 a share, a year earlier. Excluding
certain items, Kimberly-Clark posted first-quarter earnings of
$1.35 a share.
First quarter sales rose 7% to $5.1 billion. Organic sales,
excluding acquisitions, rose 10%, helped by a 6% increase in net
selling prices. Cost of goods sold rose 13% to $3.58 billion.
Write to Rob Curran at rob.curran@wsj.com
(END) Dow Jones Newswires
April 22, 2022 08:18 ET (12:18 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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