Kimberly-Clark Says Viral China Rumors Hurt Diaper Sales, Profit Outlook Takes Hit
Kimberly-Clark (KMB) Q2 EPS beats at $2.12, but revenue misses at $4.189B. Gross margins expand despite China headwinds.
Kimberly-Clark made more money per share than expected, but sold less stuff overall because false rumors in China hurt diaper sales. When a big company's sales drop because of bad stories, it shows how quickly people's trust can change.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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