Earnings Results
Inflation is expected to remain a pressure on margins in 2023
Maker is Huggies says it has a major announcement in the ‘poop’ category coming in the second half.
Getty Images for Huggies
Kimberly-Clark Inc. stock fell 3% Wednesday after the consumer goods company disappointed investors with its guidance for 2023, and not even the promise of “mind-blowing” news in the “poop” category in the second half could stem the losses.
Chief Executive Michael Hsu referenced the exciting news in the category on the company’s earnings call with analysts. Kimberly-Clark KMB is the owner of brands including Huggies, Pull-Ups, GoodNites, DryNites, Little Swimmers, and of adult products Depend, Poise, and Plenitud.
“We…
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Elida Geddes