Breaking News

Personal Care Sales Slip, Corporate Sales Rise In Kimberly-Clark’s Q2

August 2, 2013

Kimberly-Clark Corporation reported second quarter 2013 results, updated a portion of its full-year planning assumptions and reconfirmed its previous guidance for full-year 2013 adjusted earnings per share. 

Second quarter 2013 net sales rose 3% to $5.3 billion. Operating profit was up 6% to $796 million.

In the personal care segment, sales decreased 1% to $2.4 billion. However, operating profit increased 6% to $432 million.

Chairman and chief executive officer Thomas J. Falk said, “We delivered another solid quarter of results while we continued to execute our global business plan strategies.  We achieved 3% organic sales growth, as excellent results in K-C International more than offset mixed volume performance in the developed markets.  We generated $80 million of cost savings, improved adjusted operating profit margin by 80 basis points and delivered an 8% increase in adjusted earnings per share. We also launched a number of product innovations and continued to allocate capital in shareholder-friendly ways. At the half way point of the year, I am encouraged by our progress overall.” 

Falk added, “In terms of the full year, we continue to target organic sales growth of 3-5%, led by Kimberly-Clark International.”
blog comments powered by Disqus
  • A Facial Bar Grows in Brooklyn

    A Facial Bar Grows in Brooklyn

    Christine Esposito, Associate Editor||October 24, 2016
    With three doors in Canada, Blitz Facial Bar opens its first US location in one of the hippest areas of New York.

  • Free and Clear

    Free and Clear

    Melissa Meisel, Associate Editor||October 17, 2016
    OY-L aims for zero-chemical skin care.

  • Coming Clean on a Host of Issues

    October 17, 2016
    Cleaning Products Conference is set for Nov. 9-11, 2016 in Washington DC.

  • Skin Care of One’s Own

    Skin Care of One’s Own

    Christine Esposito, Associate Editor||October 3, 2016
    Nu Skin’s ageLOC Me—which melds the worlds of smart-phone technology, efficacious ingredients and personalization

  • Proof Positive

    Proof Positive

    Christine Esposito, Associate Editor||October 3, 2016
    Testing service providers enable companies to back up their claims and stay in compliance with regulations.

  • Change Is in the Air

    Change Is in the Air

    Doreen Wang, BrandZ ||October 3, 2016
    Technology is changing the personal care market