Kimberly-Clark Corp, parent company of Kimberly-Clark Professional, reported second-quarter net sales of US$5.1 billion, an increase of 7 per cent from a year ago.
Kimberly-Clark also reported a quarterly net income of $441 million, up 8 per cent from $410 million for the same period last year.
Net sales in the company’s Kimberly-Clark Professional segment rose 5 per cent from the previous year to $802 million, while the personal care division boosted sales 8 per cent to $2.7 billion and its consumer tissue segment increased sales 8 per cent to $1.5 billion.
In North America, organic sales increased 11 per cent in consumer products and increased 8 per cent in K-C Professional.
Outside North America, organic sales rose 8 per cent in developing and emerging (D&E) markets and 9 per cent in developed markets.
K-C Professional (KCP) second quarter sales of $0.8 billion increased 5 per cent. Sales in North America increased 8 percent, while sales in developed markets outside North America decreased 3 per cent.
Second quarter sales of Kimberly-Clark Corp’s consumer tissue segment increased 8 per cent to $1.5 billion. Sales in developed markets outside North America were even with year-ago.
“I’m pleased to close the first half of the year with another quarter of excellent execution by our teams who delivered strong organic sales growth, with increases in all our segments. Our growth strategy is working,” said Mike Hsu, Chairman and CEO, Kimberly-Clark.
“Our results also reflect ongoing market volatility and significant input cost inflation. We continue to be thoughtful with our response to inflation, focusing on providing value to our consumers while leveraging price and cost discipline to mitigate macro headwinds for margin improvement over time.”
“As we manage our business prudently in the near-term, we’re committed to investing in our people, brands and capabilities to ensure we continue to be well positioned to deliver balanced and sustainable growth over the long-term.”
Earlier this month, Kimberly-Clark Corp published its 2021 Global Sustainability Progress Report. The report details the company’s progress toward its 2030 sustainability goals and highlights its achievements in the past 12 months.
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