Kimberly-Clark Trims FY21 Outlook : comparemela.com

Kimberly-Clark Trims FY21 Outlook


Kimberly-Clark Trims FY21 Outlook
WASHINGTON (dpa-AFX) - While reporting financial results for the first quarter on Friday, consumer products firm Kimberly-Clark Corp. (KMB) trimmed its adjusted earnings and sales growth guidance for the full-year 2021.
For fiscal 2021, the company now projects adjusted earnings in a range of $7.30 to $7.55 per share on net sales growth of 3 to 5 percent, with organic sales growth of flat to 1 percent.
Previously, the company expected adjusted earnings in the range of $7.75 to $8.00 per share on net sales growth of 4 to 6 percent, with organic sales growth of 1 to 2 percent.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $7.75 per share on sales growth of 4.4 percent to $19.98 billion for the year. Analysts' estimates usually exclude special items.

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