Kimberly-Clark (KMB) Misses Q2 EPS by 27c, Lowers FY Guidance

Kimberly-Clark (NYSE: KMB) reported Q2 EPS of $1.47, $0.27 worse than the analyst estimate of $1.74. Revenue for the quarter came in at $4.7 billion versus the consensus estimate of $4.78 billion.

GUIDANCE:

Kimberly-Clark sees FY2021 EPS of $6.65-$6.90, versus the consensus of $7.35.

• The company is now targeting full-year 2021 organic sales decline of 0 to 2 percent and adjusted earnings per share of $6.65 to $6.90. The prior outlook was for organic sales growth of 0 to 1 percent and adjusted earnings per share of $7.30 to $7.55. The updated earnings outlook reflects significantly higher input cost inflation and lower sales volumes, partially offset by additional cost savings and reduced discretionary spending.

For earnings history and earnings-related data on Kimberly-Clark (KMB) click here.

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