Kimberly-Clark Keeps Outlook Amid China Diaper Issues
Kimberly-Clark maintained its annual sales and profit forecast despite organic sales falling due to false diaper quality claims in China. The Huggies maker reported third-quarter net sales of $4.13 billion and expects continued impacts from the recent disruptions.
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Kimberly-Clark maintained its annual sales and profit forecast on Thursday morning, despite lingering organic sales declines in China tied to false diaper quality claims.
The consumer goods giant reported third-quarter organic sales fell 1.3%, driven by a 270-basis-point negative impact from the social media controversy. The figure matched consensus estimates as quarterly net sales reached $4.13B.
