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Jan. 25, 2021, 7:47 a.m. EST

Kimberly-Clark stock gains after profit and sales beats, raised dividend and new stock buyback program

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By Tomi Kilgore

Shares of Kimberly-Clark Corp. /zigman2/quotes/201766540/composite KMB +0.64% rose 1% in premarket trading Monday, after the consumer products company, which brands include Huggies, Kleenex and Scott, reported fourth-quarter profit and sales that beat expectations and announced a dividend increase and a new billion stock repurchase program. Net income slipped to $539 million, or $1.58 a share, from $547 million, or $1.59 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to $1.69, above the FactSet consensus of $1.62. Sales grew 6% to $4.84 billion, topping the FactSet consensus of $4.73 billion, as personal care sales rose 5% to 42.3 billion, consumer tissue sales increased 14% to $1.7 billion and K-C Professional sales fell 9% to about $700 million. For 2021, the company expects adjusted EPS of $7.75 to $8.00, surrounding the FactSet consensus of $7.79, and sales growth of 4% to 6%, while the FactSet consensus of $19.59 billion implies 2.4% growth. Separately, the company said it has approved a 6.5% increase in the quarterly dividend, and set a new $5 billion stock buyback program. The stock has slipped 3.4% over the past three months through Friday, while the SPDR Consumer Staples Select Sector ETF /zigman2/quotes/200697959/composite XLP +0.23% has lost 0.5% and the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.78% has gained 10.9%.

$ 130.24
+0.83 +0.64%
Volume: 398,015
May 24, 2022 12:35p
P/E Ratio
Dividend Yield
Market Cap
$43.60 billion
Rev. per Employee
US : U.S.: NYSE Arca
$ 72.33
+0.17 +0.23%
Volume: 9.94M
May 24, 2022 12:36p
-70.89 -1.78%
Volume: 1.08B
May 24, 2022 12:36p

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