Kimberly-Clark Keeps Forecast of Favorable FX in 2021 -- Currency Comment
July 23 2021 - 11:02AM
Dow Jones News
By Paulo Trevisani
Kimberly-Clark Corp. said Friday that foreign exchange increased
sales in the second quarter and maintained its outlook of a
positive currency impact for the full year.
The company said it assumes currency rates would be a favorable
factor between 1% and 2% for 2021 sales, although it reduced its
net sales growth outlook to 1% to 4% from 3% to 5% previously.
Kimberly-Clark reported sales of $4.7 billion in the second
quarter, up 2% from a year earlier. The Irving, Texas, maker of
personal products said foreign exchange boosted sales by 3% in the
period. It reported beneficial currency translation in its three
business segments and in all foreign marketing regions.
"We have also experienced incidents of supply chain disruption
and increased currency and commodity volatility," the company
said.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
(END) Dow Jones Newswires
July 23, 2021 10:53 ET (14:53 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Kimberly Clark (NYSE:KMB)
Historical Stock Chart
From Feb 2024 to Mar 2024
Kimberly Clark (NYSE:KMB)
Historical Stock Chart
From Mar 2023 to Mar 2024