kimberlyclark
In May 2023, Kimberly-Clark Corporation (NYSE:KMB) stock climbed to a 52-week high of $147.87. However, the stock has failed to hold those gains and heading into the company’s earnings report, KMB stock turned negative for the year. Key Points KMB stock has trended lower as investors shift from value stocks to growth stocks.Kimberly-Clark reported better-than-expected profits and raised its full-year outlook for both revenue and earnings.The consumer staples company is a proxy for the consumer, and the strong results show that not all consumers are trading down.The strong results will likely c...
ValueWalk
Organic sales rose by $5 and sales increased by 1% year over year.North American organic sales fell by 2% and increased 11%.Operating profits fell slightly to $655 million, down from $657 million in the same quarter last year.Kimberly Clark Corporation (NYSE:KMB) witnessed rising costs, slowing sales due to weakness in consumer demand in North America and dollar strength weighing on its global top line during the latest quarter. Increasing inflation and a decline in purchasing power clearly affects how consumers pick and choose products. Q3 2022 hedge fund letters, conferences and more Find A ...
ValueWalk
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