Kimberly-Clark Now Expects FY24 Adjusted EPS To Grow At Mid-To-High Teens Percentage Rate On Constant-Currency Basis, Up From Prior View Of Low-Teens Growth
Portfolio Pulse from Benzinga Newsdesk
Kimberly-Clark has revised its FY24 adjusted EPS growth expectations to mid-to-high teens percentage rate on a constant-currency basis, up from the previous low-teens growth forecast. However, reported operating profit and EPS are expected to be negatively impacted by approximately 700 basis points due to currency translation.
July 23, 2024 | 10:35 am
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Kimberly-Clark has increased its FY24 adjusted EPS growth forecast to mid-to-high teens percentage rate on a constant-currency basis. However, currency translation is expected to negatively impact reported operating profit and EPS by 700 basis points.
The upward revision in adjusted EPS growth forecast is a positive indicator for Kimberly-Clark's financial health, likely boosting investor confidence. However, the negative impact of currency translation on reported operating profit and EPS tempers the overall positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100