Kimberly-Clark Still Expects FY24 Organic Net Sales To Grow At Mid-Single Digit Rate
Portfolio Pulse from Benzinga Newsdesk
Kimberly-Clark expects its FY24 organic net sales to grow at a mid-single-digit rate. However, reported net sales are anticipated to be negatively impacted by 400 basis points due to currency translation and 120 basis points from divestitures.
July 23, 2024 | 10:33 am
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Kimberly-Clark expects FY24 organic net sales to grow at a mid-single-digit rate, but reported net sales will be negatively impacted by 400 basis points due to currency translation and 120 basis points from divestitures.
While the organic net sales growth projection is positive, the negative impact on reported net sales due to currency translation and divestitures could offset investor sentiment. This mixed outlook is likely to result in a neutral short-term impact on KMB's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100