Key Takeaways
- Shares of Kimberly-Clark fell Tuesday after the consumer goods company cut its full-year profit forecasts.
- The new outlook is the result of "a reassessment of its cost base, including potential impacts from changes in the global geopolitical landscape."
- First-quarter sales came in below estimates, while adjusted earnings per share topped forecasts.
Shares of Kimberly-Clark (KMB) fell Tuesday after the consumer goods company lowered full-year projections amid uncertainty around the 澳洲幸运5官方开奖结果体彩网:Trump administration's tariffs.
The parent company of Kleenex, Huggies, and several other brands reported adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $1.93 on sales of $4.84 billion. Analysts polled by Visible Alpha expected $1.90 and $4.89 billion, respectively.
Adjusted EPS, Operating Profit Outlooks Lowered
Weighing on the company's stock was its decision to lower its full-year guidance "to reflect a reassessment of its cost base, including potential impacts from changes in the global geopolitical landscape." Kimberly-Clark now sees adjusted operating profit and adjusted EPS to each be "flat to positive on a constant-currency basis."
"The current environment will now mean greater costs across our global supply chain versus our expectations at the beginning of the year," CEO Mike Hsu said. "However, we remain confident in our ability to offset these costs over time and unlock our long-term potential."
Kimberly-Clark shares were down 💛2.ﷺ4% soon after the markets opened Tuesday. They entered the day up about 7% since the start of this year.
UPDATE—This article has been updated with the latest share price information.