Kimberly-Clark Says 2024 Organic Net Sales Are Expected To Grow Between 3%-4% Versus A Mid-single Digit Rate Previously, Primarily Reflecting Discrete Headwinds From Changes In Retail Inventory Levels
Portfolio Pulse from Benzinga Newsdesk
Kimberly-Clark has revised its 2024 organic net sales growth forecast to 3%-4%, down from a mid-single digit rate, due to changes in retail inventory levels. Reported net sales will also face negative impacts from currency translation and divestitures.
October 22, 2024 | 10:39 am
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Kimberly-Clark has adjusted its 2024 organic net sales growth forecast to 3%-4% from a mid-single digit rate, citing retail inventory level changes. Additionally, reported net sales will be negatively impacted by currency translation and divestitures.
The downward revision in sales growth forecast indicates potential challenges in demand or inventory management, which could negatively impact investor sentiment. The additional negative impact from currency translation and divestitures further pressures reported sales, likely leading to a short-term negative impact on KMB's stock price.
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