Kimberly-Clark Talks About Its Biggest Price Hike in a Decade
Kimberly-Clark (NYSE: KMB) investors had modest expectations heading into the company's fourth quarter earnings report. The consumer staples specialist had been struggling with below-market growth through most of 2019, during what management was referring to as the first of a three-year transformation period for the business.
On Thursday, the company revealed operating results that kept it significantly behind rival Procter & Gamble (NYSE: PG) in key growth and cash flow metrics. Yet Kimberly-Clark also had good news to report about its profitability outlook and its progress toward becoming a much stronger business by 2022. Below we'll look at a few takeaways from those results, as highlighted in management's conference call with Wall Street analysts.
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Source Fool.com
