Kimberly-Clark Sales Rise Across All Segments – Nonwovens Industry Magazine
“I am pleased with our team’s continued excellent execution in this volatile and highly inflationary environment. We delivered double-digit organic sales growth with strong increases across all of our segments in the first quarter,” said Chairman and CEO Mike Hsu. “Our growth strategy is working and we continue to invest in our business. Additionally, we continue to take the necessary steps to mitigate macro headwinds and remain committed to improving our margins over time. »
In the personal care segment, first-quarter sales of $2.7 billion increased 11%. Net selling prices increased by 8%, volumes increased by 3% and the product mix improved by 3 points. Changes in exchange rates caused sales to fall by approximately 2%. First quarter operating profit of $475 million was down 1%. The comparison was impacted by inflation in input costs, higher marketing, research and general expenses as well as unfavorable foreign exchange effects. Results benefited from organic sales growth and cost savings.
Sales in North America increased by 16%. Net selling prices increased by 8%, product mix improved by 3 points and volumes increased by 5%, in part due to weather-related supply chain disruptions that occurred a year ago. a year. Organic sales grew double digits in Baby & Child Care, Adult Care and Feminine Care.
Sales in D&E Markets increased 8%. Net selling prices increased sales by 9% and the product mix improved by 3 points while volumes decreased by 1%. Changes in exchange rates caused sales to fall by 3%. Organic sales growth was strong across all regions and categories.
Sales in developed markets outside of North America (Australia, South Korea and Western/Central Europe) increased 5%. Volumes increased by 8% and net selling prices increased sales by 4%, while changes in exchange rates decreased sales by 7%.