Earnings Results: Kimberly-Clark’s stock jumps after earnings and promise of big news in the ‘poop’ category

by | Apr 26, 2023 | Stock Market

Kimberly-Clark Corp.’s stock rose 3% Tuesday to propel it toward a one-year high after the parent of Kleenex, Huggies and Cottonelle brands posted better-than-expected quarterly earnings and raised its full-year guidance. The company raised prices by 10% for a second straight quarter, which helped drive gross margins wider by 340 basis points. Rival Procter & Gamble also raised its prices by 10% in its latest quarter. “While…

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