Kimberly-Clark reported Q3 2024 net sales of $5.0 billion, a 4% decrease compared to the prior year, but organic sales grew by 1%. Adjusted EPS increased by 5% to $1.83. The company reaffirmed its 2024 profit outlook, expecting organic net sales to grow between 3-4%.
Net sales were $5.0 billion, down 4%, with organic sales up 1%.
Adjusted gross margin increased by 90 basis points to 36.7%, driven by productivity gains.
Diluted earnings per share were $2.69, while adjusted earnings per share increased 5% to $1.83.
The company updated its 2024 outlook, expecting organic net sales to grow between 3-4%.
Kimberly-Clark updated its 2024 outlook, expecting organic net sales to grow between 3-4% and adjusted operating profit and adjusted earnings per share to grow at a mid-to-high teens percentage rate on a constant-currency basis.