Kimberly-Clark has reaffirmed its full-year growth forecast despite a significant downturn in its international personal care segment. In the latest quarter, organic growth in this division declined by 4.6%, while operating profit fell 33%. The company attributed much of this decline to challenges in the Chinese market, which accounted for a 17 percentage point drag on performance.
Despite these setbacks, Kimberly-Clark remains confident in its overall growth trajectory for the year, pointing to strength in other segments and regions to offset the losses in China.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing