Earnings Results: Kimberly-Clark CEO promises ‘mind blowing’ news in the ‘poop’ category coming in the second half

by | Jan 26, 2023 | Stock Market

Kimberly-Clark Inc.’s 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
is the owner of brands including Huggies, Pull-Ups, GoodNites, DryNites and Little Swimmers, as well as adult products under the Depend, Poise and Plenitud brand names.

“We have great news that we want to make sure that we’re supporting appropriately. I think I cannot share exactly what that news is because it’s coming out in the second half. But it will blow your mind when you see it,” Hsu told analysts, according to a FactSet transcript. He later explained that the “poop side of things” is “kind of the business we’re in. And so we’ll do miraculous things with poop.” One key market for Kimberly-Clark is China, the biggest baby and child-care market in the world, he said. The company, which also makes Kleenex tissues and Cottonelle toilet paper, topped fourth-quarter profit expectations but came up shy on sales. Net income rose to $507 million, or $1.50 a share, from $357 million, or $1.06 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $1.54 was above the FactSet consensus of $1.51. Sales of $4.964 billion were in line with year-ago s …

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