Kimberly Clark Has Two Big Problems
Investors had low expectations heading into Kimberly Clark's (NYSE: KMB) earnings report but were still disappointed by what the consumer staples giant had to say. Growth is slowing in 2021, as expected, compared to booming demand for products like tissue paper through the early phases of the pandemic. But that slowdown is more intense than management had predicted, and it's coming at a time when costs are spiking.
Those negative trends convinced Kimberly Clark to push its outlook down for the rest of what's shaping up to be a forgettable fiscal year for shareholders. Let's dive right in.
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Source Fool.com
