Kimberly-Clark reports rise in second quarter sales

Kimberly-Clark Corpreports second-quarter net sales of US$5.1 billion.

Kimberly-Clark Corp., parent company of Kimberly-Clark Professional, reported second-quarter net sales of US$5.1 billion, an increase of 1 per cent from a year ago.

Kimberly-Clark also reported a quarterly net income of $86 million, down 80 per cent from $441 million for the same period last year due to the sale of its Brazil tissue assets in June.

Net sales in the company’s Kimberly-Clark Professional segment jumped 11 per cent from the previous year to $877 million, while the personal care division saw sales dip 1 per cent to $2.7 billion, and its consumer tissue segment watched sales increase 1 per cent to $1.5 billion.

“We delivered another quarter of strong organic sales growth and gross margin expansion,” said Mike Hsu, Kimberly-Clark CEO.

“Our growth strategy is working and given the strength of our first-half results, we’re raising our full-year outlook. Continued improvement in gross margin positions us well to invest in superior brand value propositions, including innovation and digital leadership, which will help grow our market shares over time and deliver balanced and sustainable growth for long-term shareholder value.”

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