Kimberly-Clark Cuts Forecast as Toilet Paper Sales Plunge

[Yo_Mama_Been_Loggin]

(Bloomberg) -- Kimberly-Clark Corp. shares slid after reporting steep sales declines, signaling the end of a boon triggered by the pandemic. The company also cut its annual forecast.

The company expects organic sales for this fiscal year to be flat to a gain of 1%, below a previous projection for an increase of as much as 2%. Adjusted earnings per share this year will be $7.30 to $7.55, lower than an earlier forecast of as much as $8.

With organic sales down 8% last quarter, almost doubling the decline projected by analysts, the company was hard-hit by decelerating sales of toilet paper and a lagging professional business.The company’s consumer tissue unit saw a 12% decline, while operating profit fell by 26%. In North America, the company’s biggest market, sales of tissue dropped 14%.Kimberly-Clark’s guidance signals a tough road ahead for consumer goods companies that flourished on surging demand during the pandemic. As at-home consumption wanes, the company expects revenue to contract amid rising commodity costs.After a year of chasing demand, the company is grappling with higher manufacturing costs. Earlier this month, the company said it was raising prices by mid-to-high single digits on its Scotts tissue business and diapers.

https://www.msn.com/en-us/money/news/kimberly-clark-cuts-forecast-as-toilet-paper-sales-plunge/ar-BB1fYvCH

Damn you Biden. People aren't hoarding toilet paper anymore.

[carpetbagger]

1. They said plunge. Heh heh heh.

[CTyankee]

2. hubby still likes to have lots of rolls "just in case." He is freaked out by the thought of not

having a lasting supply.

[KarenS]

7. I am the same way. I have about a 3 month supply,,,,

so now I just replenish each month to keep that stash going,,,,

[Indykatie]

3. I've Moved to Wet Wipes When Toilet Paper was Scarce and Use Very Little Toilet Paper

I feel in love with the Prevail adult size wipes and don't ever plan on going back to using only toilet paper.

[Yo_Mama_Been_Loggin]

6. Fair warning - I hear those have a tendency to clog your sewer lines

I looked at buying a bidet type toilet seat with the idea of using less TP. The one at Costco was over $300. One could buy a new toilet for that.

[CTyankee]

8. Our dear friend, Bill, is a retired plumber and he said absolutely NOT to flush wipes...I still had

some so I cleaned the bathroom floor with them. They're really good at cleaning tile floor areas. Also the seat.

[lpbk2713]

4. Sales went right down the crapper.

[Backseat Driver]

5. "Who Gives a Crap" by subscription! eom/

[obamanut2012]

9. I literally have at enough TP until at least the Fall

And, I didn't hoard, I just bought a medium-sized pack last year whenever the stores actually had it.

[kimbutgar]

10. I had brought 10 rolls right before the pandemic hit

Since I had a bidet those rolls lasted me the rest of the year. I laughed when I saw people toilet paper hoarding!

Kimberley Clarke made their money it will be just an off year for them this year for earnings.

[JustABozoOnThisBus]

11. After last year, Kimberly-Clark must be flush with cash. Wads of it.