By Denny Jacob
Kimberly-Clark posted a slight decline in quarterly sales but avoided a sharper retreat than what some on Wall Street had predicted.
The maker of Kleenex tissues and Huggies diapers logged net income of $447 million, or $1.34 a share, compared with $509 million, or $1.50 a share, a year earlier.
Stripping out certain one-time items, earnings came in at $1.50 a share. Analysts polled by FactSet had expected $1.51 a share in adjusted earnings.
Sales ticked down to $4.93 billion from $4.97 billion. Analysts polled by FactSet had expected $4.86 billion.
"We established a strong foundation to accelerate our strategy in 2025 and beyond," said Chief Executive Mike Hsu.
For 2025, Kimberly-Clark expects sales to reflect a negative impact of about 300 basis points from currency translation as well as a negative 240-basis-point impact from a combination of its PPE divestiture and the exit of its private-label diaper business in the U.S. Adjusted earnings per-share are expected to grow at a mid-to-high single digit rate on a constant currency basis.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
January 28, 2025 06:48 ET (11:48 GMT)
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