Welcome to our dedicated page for Kimberly-Clark news (Ticker: KMB), a resource for investors and traders seeking the latest updates and insights on Kimberly-Clark stock.
Kimberly-Clark Corporation (NYSE: KMB) is a global leader in home and personal care solutions, renowned for its portfolio of trusted brands including Kleenex, Huggies, Scott, Kotex, and Cottonelle. Founded over 144 years ago, the company has consistently pioneered innovation, addressing the essential needs of consumers in over 175 countries.
Headquartered in Dallas, Texas, Kimberly-Clark's operations span personal care and consumer tissue products. The company also operates K-C Professional, offering workplace safety and sanitary solutions. With a robust business model, Kimberly-Clark generates more than half of its sales in North America and over 10% in Europe, with substantial contributions from Asia and Latin America.
The company's major brands such as Huggies, Kleenex, and Scott hold leading market positions globally. Kimberly-Clark is committed to sustainability and innovation, striving to reduce its environmental footprint while delivering high-quality products.
In recent news, Kimberly-Clark announced its fourth-quarter and full-year 2023 results, showcasing strong organic growth and recovery in cost and earnings. The company reported a 3% increase in organic sales, driven by price and product mix improvements. North American sales grew by 3%, with personal care and consumer tissue segments leading the charge.
The company also announced a new pilot program in collaboration with Bright Horizons, focusing on converting used diapers and wipes into energy. This initiative aims to divert thousands of pounds of waste from landfills, contributing to a more sustainable environment.
Looking forward, Kimberly-Clark has outlined its strategic priorities for 2024, emphasizing brand differentiation, supply chain stabilization, and disciplined cost management. The company's long-term growth strategy includes a commitment to becoming 100% Natural Forest-Free by 2030, enhancing sustainability across its product portfolio.
Kimberly-Clark remains a vital part of daily life for millions worldwide, continuing to build a legacy of care, innovation, and sustainability.
On June 8, 2021, Kimberly-Clark announced upgraded features for its Pull-Ups® training pants, coinciding with National Potty Training Awareness Month. The new product includes exclusive Disney music-themed graphics that fade when wet, aimed at motivating children during potty training. Consumer research highlighted that 60% of parents seek motivational training underwear, while 80% believe the new graphics will ease the process. The Pull-Ups Voice Assistant also offers interactive support via Amazon Alexa and Google Home, enhancing the potty training experience.
Kimberly-Clark has partnered with RWDC Industries to develop sustainable alternatives to fossil fuel-based plastics as part of its 2030 sustainability goal. This collaboration harnesses Kimberly-Clark's expertise in nonwoven technologies and RWDC's innovative biopolymer solution, Solon™, which is marine degradable. The partnership aims to address rising consumer and governmental demands for environmentally-friendly products. New products featuring this technology are expected to launch within the next five years, with an emphasis on addressing global demand for sustainability.
On May 24, 2021, a study by U by Kotex revealed that 40% of respondents faced challenges in purchasing period products, a 35% increase since 2018. This aligns with the launch of Period Poverty Awareness Week. The study highlighted that 23% of Black and 24% of Latina individuals struggled with affordability, with 27% citing COVID-19 as a barrier. U by Kotex has contributed over 41 million products since 2018 and pledged an additional $25,000 this year. The brand also partners with the National Foundation for Women Legislators to boost awareness and aid initiatives.
Kimberly-Clark Corporation (NYSE: KMB) will webcast its participation in the 2021 Bernstein Strategic Decisions Conference on June 3 at 10:00 a.m. CDT. CEO Mike Hsu will address strategies for enhancing shareholder value and respond to attendees' questions. Investors can access the webcast through the Investors section of the Kimberly-Clark website. The company is recognized globally for its trusted brands like Huggies, Kleenex, and Scott, operating in over 175 countries and maintaining a strong commitment to sustainability.
Cottonelle, a brand under Kimberly-Clark, has partnered with BLKHLTH to enhance colorectal cancer awareness in the Black community, which faces significant health disparities. Following a $750,000 initial donation, nearly 3,000 free at-home screening tests have been distributed, with plans to double this number. In honor of Men's Health Month, an additional $50,000 will support further testing. The partnership also includes financial assistance for colonoscopies via the Colorectal Cancer Alliance. This initiative addresses critical health access issues affecting early cancer detection.
On May 18, 2021, Poise® Brand launched One by Poise®, a dual-purpose pad and liner that provides protection for both menstruation and bladder leaks. This innovative product is designed to help women manage both situations simultaneously, enhancing their comfort and confidence. In partnership with designer Whitney Port, Poise® also initiated the 'Canfessional' sweepstakes, offering a chance to win $10,000 towards a bathroom makeover. The initiative aims to promote awareness around the use of bathroom space for relaxation and self-care.
The board of directors of Kimberly-Clark Corporation (NYSE: KMB) has declared a quarterly dividend of $1.14 per share, payable on July 2, 2021. This marks the 49th consecutive year of dividend increases and the 87th year of dividend payouts, demonstrating the company's commitment to returning value to shareholders. Kimberly-Clark serves over 175 countries with its portfolio of trusted brands, maintaining a strong market position with many products ranked No. 1 or No. 2 in 80 countries.
Kimberly-Clark Corporation (NYSE: KMB) reported a 5% decline in net sales for Q1 2021, totaling $4.7 billion. Organic sales fell 8%, with a net income per share of $1.72, down from $1.92 in the previous year. Adjusted EPS also decreased to $1.80 from $2.13. The company projects full-year organic sales growth of 0-1% and adjusted EPS between $7.30 and $7.55, revised down from earlier estimates. The decline is attributed to supply chain disruptions and increased input costs, though market shares remain stable. The company continues to implement cost-saving strategies amidst a volatile market.
Kimberly-Clark Corporation (NYSE: KMB) announced significant executive leadership changes aimed at enhancing its global business strategy. Russ Torres, previously president of Kimberly-Clark Professional, will now serve as Group President of Kimberly-Clark North America, succeeding Kim Underhill, who has left after a commendable 33-year tenure. Torres brings over 20 years of industry experience, having held leadership roles at various top-tier companies. This leadership transition is expected to bolster the company's North American consumer business, which includes well-known brands like Huggies and Kleenex.
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