By Matt Grossman

 

Kimberly-Clark Corp. on Monday revised its full-year earnings guidance as the company said supply-chain challenges have raised costs.

The Dallas-based paper-products maker said it now expects full-year earnings of $6.05 a share to $6.25 a share in 2021. Previously, the company had forecast adjusted earnings of $6.65 a share to $6.90 a share.

Kimberly-Clark said it now expects its adjusted operating profit to decline by 20% to 22% year over year. It had previously forecast an 11% to 14% decline.

That trend follows rising costs. Key input costs will rise by $1.4 billion to $1.5 billion, the company estimated, a revision from a previous forecast of $1.2 billion to $1.3 billion.

Shares declined 2.7% in pre-market trading Monday morning after closing last week at $133.04.

 

Write to Matt Grossman at matt.grossman@wsj.com

 

(END) Dow Jones Newswires

October 25, 2021 08:05 ET (12:05 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
Kimberly Clark (NYSE:KMB)
Historical Stock Chart
From Oct 2021 to Nov 2021 Click Here for more Kimberly Clark Charts.
Kimberly Clark (NYSE:KMB)
Historical Stock Chart
From Nov 2020 to Nov 2021 Click Here for more Kimberly Clark Charts.