Kimberly-Clark Reports Mixed Q2 Earnings As Operating Income Plunges 82%, Raises Guidance
Portfolio Pulse from Shivani Kumaresan
Kimberly-Clark Corp (KMB) reported a 1% YoY sales growth in Q2 FY23, missing analyst estimates. Organic sales increased by 5% due to a 9% price increase and favorable product mix, offset by a 3% volume decrease. Adjusted EPS of $1.65 beat analyst consensus. Operating income plunged 82% to $113 million. The company raised its FY23 organic sales growth and EPS growth outlook. KMB shares are trading higher by 1.01% in premarket.
July 25, 2023 | 1:34 pm
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Kimberly-Clark's Q2 FY23 sales growth missed estimates, but EPS beat expectations. Despite an 82% drop in operating income, the company raised its FY23 outlook, leading to a 1.01% increase in premarket trading.
Kimberly-Clark's Q2 sales growth was lower than expected, which could negatively impact the stock. However, the company beat EPS estimates and raised its FY23 outlook, which are positive signals for investors. The 82% drop in operating income is a concern, but the market seems to be reacting positively to the overall results, as indicated by the 1.01% increase in premarket trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100