Kimberly-Clark shares are trading lower after the company reported worse-than-expected Q3 revenue results and cut its FY24 organic net sales guidance, citing headwinds from changes in retail inventory levels.
Portfolio Pulse from Benzinga Newsdesk
Kimberly-Clark's shares fell due to disappointing Q3 revenue results and a reduction in FY24 organic net sales guidance, attributed to changes in retail inventory levels.
October 22, 2024 | 2:03 pm
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Kimberly-Clark's shares declined following a miss on Q3 revenue expectations and a downward revision of FY24 sales guidance, influenced by retail inventory level changes.
The company's Q3 revenue results were below expectations, which typically leads to a negative market reaction. Additionally, the cut in FY24 sales guidance suggests potential future challenges, further pressuring the stock price.
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