Kimberly-Clark Expects FX to Boost Full-Year Sales -- Currency Comment
October 25 2021 - 10:48AM
Dow Jones News
By Paulo Trevisani
Kimberly-Clark Corp. said Monday that FX rates had a favorable
effect on sales in the third quarter.
The Irving, Texas, maker of Kleenex tissue reported
third-quarter sales of $5 billion, up 7% from a year earlier, while
changes in foreign-currency exchange rates increased sales by
1%.
Kimberly-Clark said that the combined benefit of
foreign-currency exchange rates and the acquisition of Softex
Indonesia is expected to increase full-year sales by 3%, after some
costs are considered, versus prior assumption of foreign-currency
benefit of 1% to 2% and a 2% increase from Softex Indonesia
acquisition.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
(END) Dow Jones Newswires
October 25, 2021 10:33 ET (14:33 GMT)
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