Kimberly-Clark Raises Fiscal Year Sales Growth View, Warns of Higher Costs
22 Abril 2022 - 9:34AM
Dow Jones News
By Rob Curran
Kimberly-Clark Corp. on Friday boosted its sales-growth
projection for 2022, but warned costs of synthetic material, pulp
and energy were set to rise higher than it had anticipated.
The maker of Huggies diapers and Kleenex tissues forecast
full-year sales growth of 2% to 4%, up from a prior assumption of
1% to 2%, with organic sales now expected to rise 4% to 6%.
Kimberly-Clark reiterated its target for earnings, adjusted to
exclude certain items, of $5.60 to $6 a share.
The company boosted its projection for key cost inputs to $1.1
billion to $1.3 billion from a prior estimate of $750 million to
$900 million, reflecting higher costs of polymer materials, pulp--a
key ingredient of paper products--energy and distribution.
Write to Rob Curran at rob.curran@wsj.com
(END) Dow Jones Newswires
April 22, 2022 08:19 ET (12:19 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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