Kimberly-Clark Lowers Full-Year Outlook Amid Higher Input Cost Inflation
October 25 2021 - 08:20AM
Dow Jones News
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)
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