Oct 15 (Reuters) – Kimberly-Clark on Thursday reported preliminary third-quarter sales and profit above Wall Street expectations on the back of steady demand for its products including Huggies diapers and Kleenex tissues.
Here are more details:
• The Dallas-based company expects third-quarter net sales of $4.13 billion, compared with analysts’ average estimate of $4.10 billion, according to data compiled by LSEG
• It expects adjusted profit of $1.70 per share for the quarter, above estimates of $1.59
• Shares of the company rose 3% in premarket trading following the preliminary results
• The company is set to complete its roughly $40 billion acquisition of Kenvue in a massive deal by the end of the year
• Kimberly-Clark reaffirmed its full-year 2026 targets after it slashed its annual revenue and profit forecasts last quarter
• The company will release its third-quarter results on November 5
(Reporting by Koyena Das in Bengaluru; Editing by Shreya Biswas)
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