Kimberly-Clark Posts Another Quarter of Surging Cash Flow
Investors had modest expectations heading into the second-quarter report from Kimberly-Clark (NYSE: KMB). Yes, the company in April announced double-digit sales growth as the COVID-19 pandemic began pushing demand toward its staple products like diapers and tissue paper. But the lift wasn't expected to persist deep into its fiscal 2020.
On Thursday, Kimberly-Clark's actual results confirmed the slowdown that shareholders were bracing for. Yet the company exceeded many of the low expectations that investors had for the business. Sales growth was solid, earnings and cash flow spiked, and Kimberly-Clark issued a positive outlook for the full year.
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Source Fool.com
