Kimberly-Clark (KMB) Tops Q1 EPS by 36c
Kimberly-Clark (NYSE: KMB) reported Q1 EPS of $1.67, $0.36 better than the analyst estimate of $1.31. Revenue for the quarter came in at $5.2 billion versus the consensus estimate of $5.05 billion.
The company updated its full year expectations for 2023 as summarized below.
Metric | Previous | Current | ||
Organic sales | 2% - 4% | 2% - 4% | ||
FX impact(a) on net sales | (2) % | (2) % | ||
Net sales | 0% - 2% | 0% - 2% | ||
Operating profit | up mid to high single digits | up low double digits | ||
Input cost impact on operating profit ($ million) | ||||
FX impact(b) on operating profit ($ million) | ||||
Effective tax rate | 23% - 25% | 23% - 25% | ||
Income from equity companies | similar to prior year | up vs. prior year | ||
EPS (vs. adjusted EPS last year) | 2% - 6% | 6% - 10% | ||
Share repurchases ($ million) |
(a) Currency translation only |
(b) Currency transaction and translation impacts |
For earnings history and earnings-related data on Kimberly-Clark (KMB) click here.