Kimberly-Clark Corporation reported a 7% increase in net sales to $5.0 billion, driven by organic sales growth, but experienced a decrease in adjusted earnings per share to $1.62 due to significant inflation and supply chain disruptions.
Third quarter net sales increased 7 percent, with organic sales up 4 percent.
Diluted net income per share was $1.39, compared to $1.38 in the previous year.
Adjusted earnings per share were $1.62, down from $1.72 in the prior year.
The company is now targeting full-year 2021 organic sales decline of 1 to 2 percent and adjusted earnings per share of $6.05 to $6.25.
Kimberly-Clark updated its full-year 2021 outlook, anticipating a net sales increase of 1 to 2 percent and an adjusted earnings per share of $6.05 to $6.25.