- Kimberly-Clark press release ( NYSE: KMB ): Q2 Non-GAAP EPS of $1.34 beats by $0.03 .
- Revenue of $5.1B (+7% Y/Y) beats by $110M .
- Net sales increase 2 to 4 percent (no change) vs. 3.82% consensus.
- Organic sales increase 5 to 7 percent (prior target 4 to 6 percent).
- Foreign currency exchange rates unfavorable approximately 3 percent (prior estimate approximately 2 percent).
- Adjusted operating profit down mid-single digit percent (prior estimate down low to mid-single digit).
- Key cost inputs expected to increase $1.4 to $1.6 billion (previous estimate $1.1 to $1.3 billion). Costs are projected to increase or remain elevated for most inputs, including pulp and other raw materials as well as distribution and energy.
- Adjusted earnings per share remains $5.60 to $6.00. vs. $5.73 consensus. Given the current cost outlook, expect to be at the lower end of the range.
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Kimberly-Clark Non-GAAP EPS of $1.34 beats by $0.03, revenue of $5.1B beats by $110M