Breaking News

Sales Slip 3.4% at K-C in 4Q

January 26, 2009

2009 outlook adjusted in latest report

Kimberly-Clark Corporation (K-C) today reported that net sales in the fourth quarter of 2008 decreased 3.4% to $4.6 billion. Operating profit slipped 7% to $623 million in the fourth quarter, as compared to the prior year.

Sales of personal care products decreased 2.5% from the fourth quarter of 2007. Personal care sales in North America declined about 2% versus the year-ago quarter; while in Europe, personal care sales fell approximately 16% in the quarter, mainly as a result of a 14% impact from weaker currencies, says the company.

In developing and emerging markets, personal care sales slipped about 1%. However, growth in organic sales was broad-based, with particular strength in China, Russia, Turkey, Vietnam, Brazil and the Andean region in Latin America.

Company Chairman and Chief Executive Officer Thomas J. Falk said, "During the fourth quarter, economic weakness impacted our categories more than anticipated, particularly in North America and Europe. We believe some of the effects are temporary, reflecting customer warehouse and consumer pantry inventory reductions; however, consumer trade-down also affected our sales in several categories. We are fine-tuning our pricing and promotional plans to ensure we remain competitive.”

K-C’s full year results for 2008 fared better for the full year.  For the year of 2008, sales jumped 6.3% to $19.4 billion.

The company outlined key planning and guidance assumptions for 2009. It stated that it expects a net sales decline of 4-5%, and an adjusted operating profit similar to 2008.
  • Sparkle & Shine

    Sparkle & Shine

    Melissa Meisel, Associate Editor||November 21, 2016
    Glam packaging and upscale scent combos are big at Yankee Candle for Holiday 2016.

  • Cos Bar: Turning 40 and Hitting Fast Forward

    Cos Bar: Turning 40 and Hitting Fast Forward

    Christine Esposito, Associate Editor||November 21, 2016
    With a recent investor infusion, a new CEO and rebranding effort underway, this luxury beauty retailer has big plans.

  • Organic Matter

    Organic Matter

    Christine Esposito, Associate Editor||November 14, 2016
    FTC and USDA hold a public roundtable to discuss consumers’ perception of organic claims.

  • The World Comes to Orlando

    The World Comes to Orlando

    Tom Branna , Editorial Director||December 1, 2016
    More than 1,600 chemists traveled to Florida for the IFSCC Congress

  • The Plex  Phenomenon

    The Plex Phenomenon

    Denise Costrini, Croda North America||December 1, 2016
    Croda details the hair-protecting qualities of bond multipliers and the company’s new bond-building formulation system.