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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Kimberly Clark Corp | NYSE:KMB | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 136.53 | 0 | 10:26:23 |
From May 2021 to May 2024
By Matt Grossman
Kimberly-Clark Corp. on Monday revised its full-year earnings guidance as the company said supply-chain challenges have raised costs.
The Dallas-based paper-products maker said it now expects full-year earnings of $6.05 a share to $6.25 a share in 2021. Previously, the company had forecast adjusted earnings of $6.65 a share to $6.90 a share.
Kimberly-Clark said it now expects its adjusted operating profit to decline by 20% to 22% year over year. It had previously forecast an 11% to 14% decline.
That trend follows rising costs. Key input costs will rise by $1.4 billion to $1.5 billion, the company estimated, a revision from a previous forecast of $1.2 billion to $1.3 billion.
Shares declined 2.7% in pre-market trading Monday morning after closing last week at $133.04.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
October 25, 2021 08:05 ET (12:05 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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