2020-04-22 07:36:05 KMB Kimberly-Clark
04/22/20 04/2207:36 04/22/2007:36 | Kimberly-Clark reports Q1 volumes up more than 8%Sales of $5B in the first quarter of 2020 increased 8% compared to the year-ago period. Changes in foreign currency exchange rates reduced sales by 2% and business exits in conjunction with the 2018 Global Restructuring Program reduced sales slightly. Organic sales increased 11%. Volumes increased more than 8%, driven by increased shipments to support consumer stock up related to the global outbreak of COVID-19. The stock up impacted all business segments, in particular consumer tissue, and all major geographies. Net selling prices and product mix each improved 1%. In North America, organic sales increased 11% in consumer products and 6% in K-C Professional. Outside North America, organic sales rose 9% in developing and emerging markets and 15% in developed markets. |
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