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The run on toilet paper lifts sales and earnings.
July 24, 2020
By: Happi Staff
At least somebody benefitted from that toilet paper shortage a few months back. Kimberly-Clark Corporation (KMB) shares rose over 2% last week after the household products company reported better-than-expected second quarter (Q2) results. The firm behind Scott and Cottonelle posted adjusted earnings of $2.20 per share, easily surpassing Wall Street expectations of $1.80 per share. Meanwhile, revenue of $4.61 billion came in 3.4% above the consensus estimate. Not surprisingly, the bottom line was...
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