Huggies Maker Kimberly-Clark's Q3: 2% Topline Growth, EPS Beat, Revised FY23 Outlook & More
Portfolio Pulse from Lekha Gupta
Kimberly-Clark Corp (NYSE:KMB) reported a 2% Y/Y sales growth in Q3 FY23, missing analyst estimates. Organic sales increased by 5% due to a price increase and favorable product mix. The company's gross margin expanded to 35.8% and operating income rose 18% Y/Y. Adjusted EPS of $1.74 beat analyst consensus. The company also revised its FY23 outlook, raising its adjusted EPS growth outlook to 15%-17% and operating margin outlook to an expansion of 170 bps.
October 24, 2023 | 1:32 pm
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Kimberly-Clark's Q3 results show mixed performance with sales growth missing estimates but EPS beating consensus. The company's revised FY23 outlook indicates optimism.
Kimberly-Clark's Q3 results show a mixed performance with sales growth missing estimates but EPS beating consensus. This could lead to mixed investor sentiment. However, the company's revised FY23 outlook, which raises the EPS growth and operating margin, indicates optimism about future performance. This could have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100