Kimberly-Clark Currently Expects To Deliver Low-To-Mid Single Digit Percentage Increase In 2024 Organic Net Sales, Adjusted EPS To Grow At High Single-Digit Rate On Constant-Currency Basis
Portfolio Pulse from Benzinga Newsdesk
Kimberly-Clark forecasts a low-to-mid single-digit percentage increase in 2024 organic net sales and expects adjusted EPS to grow at a high single-digit rate on a constant-currency basis. Adjusted Operating Profit is also projected to grow at a high single-digit to low double-digit rate, but reported growth in Operating Profit and EPS will likely be negatively impacted by around 400 basis points due to currency translation.
January 24, 2024 | 12:06 pm
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Kimberly-Clark expects organic net sales to increase and adjusted EPS to grow in 2024, but currency translation is likely to negatively impact reported Operating Profit and EPS by about 400 basis points.
The positive outlook on organic net sales and adjusted EPS growth indicates a strong performance for Kimberly-Clark, which is likely to be well-received by investors. However, the anticipated negative impact from currency translation may temper some of the enthusiasm. The net effect is still positive due to the underlying business growth, but investors should be aware of the potential drag from currency issues.
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