Don't Expect a Quick Profitability Rebound From Kimberly-Clark
Kimberly-Clark (NYSE: KMB) recently disappointed investors who were looking for signs of sharply improving operating results in the second half of 2020. The consumer staples giant did manage faster sales growth in the fiscal third quarter, but those gains weren't as robust as peers have been notching. Kimberly-Clark is also seeing a widening profitability gap with Procter & Gamble (NYSE: PG).
In a conference call with Wall Street analysts, CEO Michael Hsu and his team broke down those hits and misses while expressing a positive long-term outlook. Let's look at some highlights.
Our market-share performance in North American consumer products was strong in the third quarter. [Market] shares were up in six of eight [product] categories.
-- Hsu
Source Fool.com
