Could Kimberly-Clark Be a Millionaire Maker Stock?
Kimberly-Clark (NYSE: KMB) posted very good first-quarter earnings, but one didn't need to be a genius to see that coming. The tissue giant experienced huge demand for toilet paper due to the coronavirus stay-at-home mandates -- even big-box stores were sold out on a regular basis.
Consumer tissue segment net revenue -- including toilet-paper brands Cottonelle, Scott, and several others sold globally -- was up 13% in the first quarter, and net selling prices increased 1%. Heavy demand is continuing as people around the world shelter in place.
The other business segments -- personal care (diapers, wipes, feminine products) and K-C professional (industrial-sized wipes, cleaners, personal protection gear) -- are also seeing rising demand of 6% and 4%, respectively.
Source Fool.com
