Retail Inventory Pressures Hit Kimberly-Clark's Annual Outlook, Stock Slides
Portfolio Pulse from Nabaparna Bhattacharya
Kimberly-Clark's stock is sliding due to missed revenue expectations and revised annual outlook. Despite beating EPS estimates, the company faces challenges from retail inventory pressures and currency impacts.
October 22, 2024 | 1:29 pm
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NEGATIVE IMPACT
Kimberly-Clark's stock is down 5.12% as the company missed revenue expectations and revised its annual outlook due to retail inventory pressures and currency impacts. Despite an EPS beat, challenges remain.
Kimberly-Clark's stock is negatively impacted due to missed revenue expectations and a downward revision in its annual outlook. The company's challenges with retail inventory levels and currency translation have overshadowed its EPS beat, leading to a 5.12% drop in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100