When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
KMB - Kimberly-Clark: Downgrade To Sell On Negative Underlying Volume Performance
Kimberly-Clark Corporation
2024-05-06 14:14:57 ET
Summary
KMB reported strong 1Q24 results with a 6% organic sales growth, but volume growth on a 4-year stack basis has decelerated significantly.
I don't think the positive volume growth in 1Q24 is indicative of a trend.
The increase in pricing is unsustainable and will lead to pressure from lower consumer demand and tough comparisons, while gross margin is expected to face pressure from rising commodity prices and inflation.