Kimberly-Clark Corporation (NYSE:KMB) shares are trading lower following mixed second-quarter earnings.
Kimberly-Clark reported quarterly adjusted earnings per share of $1.96 (+19%), beating the analyst consensus of $1.71.
Quarterly revenues of $5.029 billion, missing the street view of $5.109 billion.
Sales in the second quarter reflected a 2% decline from the previous year, influenced by a 5% currency translation impact and a 1% decrease due to the divestiture of the Tissue and K-C Professional business in Brazil in June 2023.
Innovation-led volume gains, effective cost management, and productivity drove substantial EPS expansion.
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The company's adjusted gross margin was 36.9%, up 290 basis points versus the prior year, driven by organic net sales growth and gross productivity gains.
Net interest expense was $63 million versus $67 million in the prior-year period.
The company exited the quarter with cash and equivalents worth $1.163 billion. Inventories totaled $1.915 billion.
Outlook: Kimberly-Clark still expects FY24 organic net sales to grow at a mid-single-digit rate.
Reported net sales are still expected to be negatively impacted by 400 basis points of currency translation and 120 basis points from divestitures.
Adjusted EPS is now expected to grow at a mid-to-high teens percentage rate on a constant-currency basis, an increase from previous expectations of low-teens growth.
"Our focus is to deliver high-quality consumer solutions at every price point, increase our operational scale, and enhance our long-term potential," said Kimberly-Clark Chairman and CEO Mike Hsu.
"We're excited about our opportunities to capitalize on our momentum to deliver our enduring goal of enhancing value for all our stakeholders," Hsu added.
Price Action: KMB shares are trading lower by 3.9% to $138.51 at last check Tuesday.
Photo via Wikimedia Commons
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继第二季度收益喜忧参半之后，金佰利（纽约证券交易所代码：KMB）股价走低。
金伯利公布的季度调整后每股收益为1.96美元（+19％），超过了分析师共识的1.71美元。
季度收入为50.29亿美元，低于51.09亿美元的街景。
第二季度的销售额比上年下降了2％，受5％的货币折算影响以及2023年6月剥离巴西纸巾和K-c专业业务导致的1％下降的影响。
创新主导的销量增长、有效的成本管理和生产率推动了每股收益的大幅增长。
另请阅读：由于库存聚焦，汽车制造商北极星股价因第二季度收益失误和指导下调而暴跌
受有机净销售增长和毛生产率提高的推动，该公司调整后的毛利率为36.9％，比上年增长290个基点。
净利息支出为6,300万美元，去年同期为6,700万美元。
该公司以价值11.63亿美元的现金及等价物退出本季度。库存总额为19.15亿美元。
展望：金伯利-克拉克仍预计24财年的有机净销售额将以中等个位数的速度增长。
预计报告的净销售额仍将受到400个基点的货币折算和剥离120个基点的负面影响。
现在，按固定货币计算，调整后的每股收益预计将以中高青少年百分比增长，高于先前对低年级增长的预期。
Kimberly-Clark董事长兼首席执行官Mike Hsu表示：“我们的重点是以每个价位提供高质量的消费者解决方案，扩大我们的运营规模，增强我们的长期潜力。”
许补充说：“我们很高兴有机会利用我们的势头，实现为所有利益相关者提高价值的持久目标。”
价格走势：在周二的最后一次检查中，KmB股价下跌3.9％，至138.51美元。
照片来自维基共享资源
