By Will Feuer


Kimberly-Clark Corp. saw earnings fall in the latest quarter, despite an increase in sales, as the company faced higher costs due to inflation and a supply-chain crunch.

The company behind Huggies diapers, Cottonelle toilet paper and other items on Wednesday posted net income attributable to the company of $357 million, or $1.06 a share, compared with $539 million, or $1.58 a share, in the comparable quarter last year.

Stripping out charges related to the company's 2018 global restructuring program, Kimberly-Clark posted adjusted earnings of $1.30 a share. Analysts polled by FactSet had forecast an adjusted profit of $1.25 a share.

Sales grew to $4.97 billion from $4.84 billion in the year-ago quarter. Analysts were forecasting sales of $4.89 billion.

Personal-care sales grew 12%, to $2.6 billion, including the negative effect from rising input costs, Kimberly-Clark said.

Consumer-tissue sales declined by 10%, to $1.6 billion, as demand subsided year over year compared with the earlier phases of the Covid-19 pandemic.

Professional sales rose 2%, to $800 million, the company said.

The overall cost of products sold rose 11%, to $3.53 billion, compared with a year earlier, the company said.

"While we expect inflation and supply-chain disruption to persist into 2022, we are committed to recovering margins to pre-pandemic levels over time, and we are optimistic about gradual improvement later in the year," Chairman and Chief Executive Mike Hsu said.


Write to Will Feuer at


(END) Dow Jones Newswires

January 26, 2022 08:00 ET (13:00 GMT)

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