Is Kimberly-Clark a Buy Right Now?
Kimberly-Clark (NYSE: KMB) stock has been outperforming the market in 2022, and its recent announcement helps explain that outperformance. While the consumer staples giant faced higher costs and slowing economic growth, it still enjoyed strong demand in Q2 for essentials like tissue paper, diapers, and office cleaning supplies.
The company also passed along most of its rising costs to consumers, who continued to purchase branded products even as their budgets became more strained. Here's why Kimberly-Clark's business is looking solid heading into the second half of 2022.
Investors had high expectations heading into the report, given that Kimberly-Clark's organic sales jumped 10% in Q1. They weren't disappointed by the company's updated results that cover the selling period through late June.
Source Fool.com
