Kimberly-Clark's Earnings Call: 3 Takeaways
Kimberly-Clark (NYSE: KMB) is in a bind. The consumer products giant, which owns hit global brands like Kleenex and Huggies, is seeing a significant growth slump following surging pandemic demand for essentials. Consumers aren't as eager to buy home-maintenance supplies, and they're taking their time working through their stuffed pantries.
At the same time, costs are rising on everything from fuel to inputs like paper pulp, meaning the company must hike prices even as volumes fall.
In a conference call with Wall Street analysts, CEO Mike Hsu and his team explained why these challenges forced a second straight downgrade to Kimberly-Clark's short-term outlook even as the wider growth picture remains bright.
Source Fool.com
