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Kimberly-Clark Reports Rise in 2nd-Quarter Sales

Kimberly-Clark Corp., parent company of Kimberly-Clark Professional, reported second-quarter net sales of US$5.1 billion, an increase of 1% from a year ago.

Kimberly-Clark also reported a quarterly net income of $86 million, down 80% from $441 million for the same period last year due to the sale of its Brazil tissue assets in June. Net sales in the company’s Kimberly-Clark Professional segment jumped 11% from the previous year to $877 million, while the personal care division saw sales dip 1% to $2.7 billion, and its consumer tissue segment watched sales increase 1% to $1.5 billion.

“We delivered another quarter of strong organic sales growth and gross margin expansion,” said Mike Hsu, Kimberly-Clark CEO. “Our growth strategy is working, and given the strength of our first-half results, we’re raising our full-year outlook. Continued improvement in gross margin positions us well to invest in superior brand value propositions, including innovation and digital leadership, which will help grow our market shares over time and deliver balanced and sustainable growth for long-term shareholder value.”

About Kimberly-Clark Professional
Kimberly-Clark Professional offers an array of hand hygiene and contamination-control products. Located in Roswell, Georgia, Kimberly-Clark Professional is one of Kimberly-Clark Corp.’s four business sectors. For more information, visit www.kcprofessional.com.