Consumer goods company Kimberly-Clark Corporation (NYSE: KMB) Tuesday reported a sharp increase in adjusted profit for the second quarter of 2024, despite a modest decrease in sales.
Net sales decreased 2% year-over-year to $5.03 billion in the June quarter as all three operating segments experienced weakness.
Net income attributable to Kimberly-Clark Corporation was $544 million or $1.61 per share in the second quarter, compared to $102 million or $0.30 per share in the prior-year quarter. On an adjusted basis, earnings increased 19% annually to $1.96 per share during the three months.
For fiscal 2024, the management expects organic net sales to grow at mid-single digit rate. Adjusted earnings per share is seen growing at a mid-to-high teens percentage rate on a constant-currency basis.
The post Infographic: Highlights of Kimberly-Clark’s (KMB) Q2 2024 results first appeared on AlphaStreet.
—
Blog powered by G6
Disclaimer! A guest author has made this post. G6 has not checked the post. its content and attachments and under no circumstances will G6 be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from your use of or inability to use this website or any websites linked to it, or from your reliance on the information and material on this website, even if the G6 has been advised of the possibility of such damages in advance.
For any inquiries, please contact [email protected]
