Kimberly-Clark 4Q Sales Rise on Continued Pandemic-Driven Demand for Home Supplies
By Dave Sebastian
Kimberly-Clark Corp. said its sales for the fourth quarter rose
as it continued to benefit from increased demand for home supplies
during the Covid-19 pandemic, though profit fell as expenses
The company behind Huggies diapers, Cottonelle toilet paper and
other items on Monday posted a profit of $539 million, or $1.58 a
share, compared with $547 million, or $1.59 a share, in the
comparable quarter last year.
Adjusted earnings were $1.69 a share. Analysts were looking for
$1.62 a share, according to FactSet.
Net sales rose 5.5% to $4.84 billion from $4.58 billion.
Analysts were looking for $4.73 billion.
Personal-care sales rose 4.8% to $2.3 billion, and
consumer-tissue sales rose 14% to $1.7 billion. Sales in K-C
Professional, the company's segment that works with businesses,
fell 9% due to lower away-from-home demand.
Write to Dave Sebastian at firstname.lastname@example.org
(END) Dow Jones Newswires
January 25, 2021 08:06 ET (13:06 GMT)
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