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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繼第二季度收益喜憂參半之後，金佰利（紐約證券交易所代碼：KMB）股價走低。
金伯利公佈的季度調整後每股收益爲1.96美元（+19％），超過了分析師共識的1.71美元。
季度收入爲50.29億美元，低於51.09億美元的街景。
第二季度的銷售額比上年下降了2％，受5％的貨幣折算影響以及2023年6月剝離巴西紙巾和K-c專業業務導致的1％下降的影響。
創新主導的銷量增長、有效的成本管理和生產率推動了每股收益的大幅增長。
另請閱讀：由於庫存聚焦，汽車製造商北極星股價因第二季度收益失誤和指導下調而暴跌
受有機淨銷售增長和毛生產率提高的推動，該公司調整後的毛利率爲36.9％，比上年增長290個點子。
淨利息支出爲6,300萬美元，去年同期爲6,700萬美元。
該公司以價值11.63億美元的現金及等價物退出本季度。庫存總額爲19.15億美元。
展望：金伯利-克拉克仍預計24財年的有機淨銷售額將以中等個位數的速度增長。
預計報告的淨銷售額仍將受到400個點子的貨幣折算和剝離120個點子的負面影響。
現在，按固定貨幣計算，調整後的每股收益預計將以中高青少年百分比增長，高於先前對低年級增長的預期。
Kimberly-Clark董事長兼首席執行官Mike Hsu表示：“我們的重點是以每個價位提供高質量的消費者解決方案，擴大我們的運營規模，增強我們的長期潛力。”
許補充說：“我們很高興有機會利用我們的勢頭，實現爲所有利益相關者提高價值的持久目標。”
價格走勢：在週二的最後一次檢查中，KmB股價下跌3.9％，至138.51美元。
照片來自維基共享資源
