Kimberly-Clark Corporation recently reported second quarter 2015 results and narrowed its previous guidance for full-year 2015 adjusted earnings per share.
Second quarter 2015 net sales of $4.6 billion decreased 6 percent compared to the year-ago period, as changes in foreign currency exchange rates reduced sales 10 percent. Organic sales rose 4 percent, including a 10 percent increase in developing and emerging markets.
Chairman and Chief Executive Officer Thomas J. Falk said, "We continue to execute our Global Business Plan strategies well. In the second quarter, we delivered mid-single digit growth in organic sales and adjusted earnings per share from continuing operations. We also achieved significant cost savings and improvements in adjusted gross and operating margins. In addition, we made further progress with targeted growth initiatives, launched product innovations and allocated capital in shareholder-friendly ways. In terms of our full-year earnings outlook, we are raising the low end of our previous guidance by 5 cents per share. This reflects our strong performance in the first half of the year, additional cost savings and more investments behind our brands and growth initiatives than we previously planned. We continue to be optimistic about our prospects to generate attractive returns to shareholders."
