Kimberly-Clark Corporation, a manufacturer of personal care products and operator of non-woven fabric mills, posted 8 per cent sales growth to $5.0 billion in first quarter (Q1) FY20 ended on March 31, 2020 compared to sales of $4.6 billion in same period prior year. Net income for the quarter jumped 45 per cent to $675 million (Q1 FY19: $466 million).
Kimberly-Clark Corporation, a manufacturer of personal care products and operator of non-woven fabric mills, posted 8 per cent sales growth to $5.0 billion in first quarter (Q1) FY20 ended on March 31, 2020 compared to sales of $4.6 billion in same period prior year. Net income for the quarter jumped 45 per cent to $675 million (Q1 FY19: $466 million).#
“A combination of increased consumer demand for our products and strong execution by our teams is reflected in our first quarter results. We increased investments in our business and our market positions remain broadly healthy,” Mike Hsu, chairman and chief executive officer at Kimberly, said in a press release.
Kimberly-Clark Corporation, a manufacturer of personal care products and operator of non-woven fabric mills, posted 8 per cent sales growth to $5.0 billion in first quarter (Q1) FY20 ended on March 31, 2020 compared to sales of $4.6 billion in same period prior year. Net income for the quarter jumped 45 per cent to $675 million (Q1 FY19: $466 million).#
Gross profit for the quarter increased 25 per cent to $1,791 million (Q1 FY19: $1,428 million). Operating profit rose 38 per cent to $904 million (Q1 FY19: $655 million). Net income attributable to Kimberly-Clark Corporation were $660 million in the reported quarter.
Kimberly-Clark Corporation, a manufacturer of personal care products and operator of non-woven fabric mills, posted 8 per cent sales growth to $5.0 billion in first quarter (Q1) FY20 ended on March 31, 2020 compared to sales of $4.6 billion in same period prior year. Net income for the quarter jumped 45 per cent to $675 million (Q1 FY19: $466 million).#
Personal Care segment reported 6 per cent rise in sales to $2.4 billion (Q1 FY19: $2.2 billion). Sales of Personal Care in North America increased 10 per cent. While the sales in markets outside North America (Australia, South Korea and Western/Central Europe) grew 5 per cent.
Kimberly-Clark Corporation, a manufacturer of personal care products and operator of non-woven fabric mills, posted 8 per cent sales growth to $5.0 billion in first quarter (Q1) FY20 ended on March 31, 2020 compared to sales of $4.6 billion in same period prior year. Net income for the quarter jumped 45 per cent to $675 million (Q1 FY19: $466 million).#
Consumer Tissue segment sales jumped 13 per cent to $1.7 billion (Q1 FY19: $1.5 billion). Sales of Consumer Tissue in North America increased 12 per cent. While the sales in markets outside North America (Australia, South Korea and Western/Central Europe) grew 17 per cent.
Kimberly-Clark Corporation, a manufacturer of personal care products and operator of non-woven fabric mills, posted 8 per cent sales growth to $5.0 billion in first quarter (Q1) FY20 ended on March 31, 2020 compared to sales of $4.6 billion in same period prior year. Net income for the quarter jumped 45 per cent to $675 million (Q1 FY19: $466 million).#
“Given the lack of visibility and uncertainty about the pandemic and its potential effects on the global economy and our business, we are temporarily suspending our forward-looking guidance. We expect that we will resume guidance when the environment stabilises and we can provide a clear picture of our expectations,” Hsu said.
Fibre2Fashion News Desk (JL)
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