Goldman Sachs analyst Bonnie Herzog reiterated the Buy rating on Kimberly-Clark Corporation KMB stock, with a price forecast of $152.The company reported third quarter adjusted earnings per share of $1.83, beating the street view of $1.70. Quarterly revenues of $4.952 billion missed the analyst consensus of $5.048 billion.According to Herzog, Kimberly-Clark’s management efforts on productivity and the current environment are conducive to margin expansion.The analyst projects that the market underestimates t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 1-225 KIMBERLY-CLARK CORPORATION (Exact name of registrant as specified in its charter) Delaware 39-0394230 (S ...

Kimberly-Clark Corporation (KMB) has reported third-quarter 2024 results, wherein earnings surpassed the Zacks Consensus Estimate and improved year over year. Meanwhile, sales missed the consensus mark and declined year over year. The company’s organic sales grew year over year, driven by robust pricing.Adjusted earnings were $1.83 per share, surpassing the Zacks Consensus Estimate of $1.69. The bottom line increased 5% year over year, courtesy of higher adjusted operating profit.Find the latest EPS estimat ...

Financial Data and Key Metrics Changes - The company has achieved a gross margin of approximately 37%, showing consistent gains over the last eight quarters and tracking ahead of pre-COVID levels [15][16] - The company expects to continue year-over-year gross margin gains as it aims for a long-term goal of at least 40% gross margin by 2030 [15][16] Business Line Data and Key Metrics Changes - In North America, consumer offtake in Personal Care and Consumer Tissue grew by 3.2%, indicating strong demand despite some shipment disconnects [8][9] - The exit from certain private label businesses has allowed the company to focus on branded products, with Kleenex seeing a share increase of nearly 500 basis points [13][29] Market Data and Key Metrics Changes - The company noted a disconnect between shipments and consumption, primarily due to retail inventory reductions and external factors like hurricanes [7][8] - The overall weighted category growth is expected to be closer to 2% for the full year, down from the previously anticipated 2% to 3% range [19][20] Company Strategy and Development Direction - The company is advancing its "Powering Care" strategy, focusing on innovation and commercial execution to drive growth [3][4] - A new organizational structure was implemented on October 1, aimed at enhancing operational efficiency and market responsiveness [18][29] Management's Comments on Operating Environment and Future Outlook - Management acknowledged headwinds such as retail inventory reductions and lower demand in private label businesses, but expressed confidence in navigating these challenges [4][24] - The company remains focused on volume and mix-driven organic growth, with expectations for a stronger top line in Q4 compared to Q3 [20][24] Other Important Information - The company is transitioning away from private label products, reducing their share from 4% in 2023 to an expected 2% in 2025 [13][29] - The implementation of S/4 HANA has improved operational visibility and efficiency, aiding in better management of market volatility [31][29] Q&A Session Summary Question: Retail inventory dynamics and shelf space - Management indicated that retail inventory reductions are localized and reflect previous supply challenges, with expectations of normalizing service levels [6][7] Question: Market shares and competitive environment - Management reported flat overall market shares globally, with strong progress in the US, particularly in seven out of eight categories [10][11] Question: Private label business exit impact - The exit from private label businesses is expected to create a headwind of about 2% in 2025, but is aimed at strengthening branded product growth [12][13] Question: Gross margin sustainability - Management expressed confidence in sustaining gross margins due to ongoing productivity savings and a focus on innovation [15][16] Question: Organizational structure and category growth - The new organizational structure is expected to enhance growth outcomes, with underlying category growth remaining healthy despite some market softness [18][19] Question: Visibility on results amid organizational changes - Management reassured that strong execution and visibility into market conditions remain intact despite recent organizational changes [24][25] Question: Strategic options for international tissue and professional businesses - Management stated that while they are evaluating options, they believe in the potential of their current categories and will optimize participation where necessary [31][32]

For the quarter ended September 2024, Kimberly-Clark (KMB) reported revenue of $4.95 billion, down 3.5% over the same period last year. EPS came in at $1.83, compared to $1.74 in the year-ago quarter.The reported revenue represents a surprise of -2.19% over the Zacks Consensus Estimate of $5.06 billion. With the consensus EPS estimate being $1.69, the EPS surprise was +8.28%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stree ...

Kimberly-Clark (KMB) came out with quarterly earnings of $1.83 per share, beating the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $1.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.28%. A quarter ago, it was expected that this maker of consumer products such as Huggies diapers and Kleenex tissue would post earnings of $1.68 per share when it actually produced earnings of $1.96, delivering a s ...

Exhibit 99.1 *Kimberlv-Clark Kimberly-Clark Announces Third Quarter 2024 Results and Reaffirms 2024 Profit Outlook Delivers net sales of $5.0 billion on 1 percent organic sales growth Results and outlook reflect strong in-market execution, effective cost management and productivity DALLAS, October 22, 2024 - Kimberly-Clark Corporation (NYSE: KMB) today reported third quarter 2024 results driven by market-leading consumption growth from pioneering, innovative new products, and leveraging sustained productivi ...

Kimberly-Clark Corporation (KMB) is likely to register a top-and-bottom-line decline when it reports thirdquarter 2024 earnings on Oct. 22. The Zacks Consensus Estimate for net sales is pegged at $5.1 billion, suggesting a decline of 1.3% from the prior-year quarter. Although the consensus mark for fiscal third-quarter earnings has moved up by a penny in the last seven days to $1.69 per share, it indicates a decrease of 2.9% from the figure reported in the year-ago quarter. KMB has a trailing four-quarter e ...

Wall Street analysts expect Kimberly-Clark (KMB) to post quarterly earnings of $1.69 per share in its upcoming report, which indicates a year-over-year decline of 2.9%. Revenues are expected to be $5.06 billion, down 1.3% from the year-ago quarter. The current level reflects a downward revision of 0.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Ahead of a ...

The brand is giving away baby bodysuits to help educate caregivers on safe sleep best practices as recommended by experts CHICAGO, Oct. 16, 2024 /PRNewswire/ -- October is Safe Sleep and Sudden Infant Death Syndrome (SIDS) awareness month. To help spread awareness, the Kimberly-Clark U.S. Huggies® Brand is giving away baby bodysuits that serve as a physical reminder back is best when laying baby down for nap and at night. Huggies Safe Sleep Body Suit "This Side Up"Huggies Safe Sleep Body Suit "This Side Up" ...