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2009 outlook adjusted in latest report
January 26, 2009
By: TOM BRANNA
Editor
Kimberly-Clark Corporation (K-C) today reported that net sales in the fourth quarter of 2008 decreased 3.4% to $4.6 billion. Operating profit slipped 7% to $623 million in the fourth quarter, as compared to the prior year. Sales of personal care products decreased 2.5% from the fourth quarter of 2007. Personal care sales in North America declined about 2% versus the year-ago quarter; while in Europe, personal care sales fell approximately 16% in the quarter, mainly as a result of a 14% impac...
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