Kimberly-Clark Corp., parent company of Kimberly-Clark Professional, reported first-quarter net sales of US$5.2 billion, an increase of 2 per cent from a year ago.
Kimberly-Clark also reported a quarterly net income of $575 million, up 7 per cent from $535 million for the same period last year.
Net sales in the company’s Kimberly-Clark Professional segment jumped 9 per cent from the previous year to $847 million, while the personal care division saw sales dip 1 per cent to $2.7 billion and its consumer tissue segment watched sales increase 4 per cent to $1.6 billion.
Mike Hsu, Kimberly-Clark CEO, said organic sales grew by 5 per cent, which he said reflects the health of the company’s categories and the essential nature of its products.
“Our growth strategy continues to deliver behind strong execution of our commercial programs. Revenue growth management initiatives drove continued sales momentum with a better-than-expected elasticity impact on volume. Looking ahead, we have an exciting innovation pipeline that will deliver superior performance in health, wellness, and sustainability.
“With our strong portfolio of trusted brands, we have our sights set on growing our categories and winning with consumers to enable long-term, profitable growth.”
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