Kimberly-Clark: results below expectations

(CercleFinance.com) - On Wednesday, Kimberly-Clark announced quarterly results that were above its own forecasts, but below market expectations, which weighed on its share price in pre-market trading (-4.
5%).

The American consumer goods group, known for its Huggies, Kleenex, Scott and Cottonelle brands, posted Q4 earnings of $512m, or $1.51 per share, in the fourth quarter, compared with $515m ($1.50/share) a year earlier.

This profit was well below the $1.54 consensus.

Sales edged up to $4.97bn from $4.96 billion in Q4 2022, although this was again below the consensus of $4.98bn.

The Dallas, Texas-based group said it planned to increase its quarterly dividend by over 3% to $1.22 per share.

For FY 2024, Kimberly-Clark expects organic net sales growth of 0% to 5%, and adjusted EPS up by between 5% and 10% at constant exchange rates.

However, the share price fell by over 4% in pmt the wake of all these announcements.


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