Kimberly-Clark: raises sales growth guidance for 2023
(CercleFinance.com) - Kimberly-Clark has raised its 2023 guidance for organic sales growth to between 4% and 5%, and for adjusted EPS growth to between 15% and 17%, with an adjusted operating margin now expected to improve by 170 bp on average.
For the quarter just ended, the personal care products supplier posted adjusted EPS growth of 24% to $1.74, in particular thanks to productivity gains which contributed to a turnaround in margins.
At $5.1bn, revenues rose 2%, penalised by FX and scope effects, without which organic sales were up 5%, mainly thanks to price increases.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
For the quarter just ended, the personal care products supplier posted adjusted EPS growth of 24% to $1.74, in particular thanks to productivity gains which contributed to a turnaround in margins.
At $5.1bn, revenues rose 2%, penalised by FX and scope effects, without which organic sales were up 5%, mainly thanks to price increases.
Copyright (c) 2023 CercleFinance.com. All rights reserved.