Financial News

Sales Flat at K-C

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By: TOM BRANNA

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Kimberly-Clark Corporation reported year-end 2016 results and provided its 2017 outlook and related key planning assumptions. Fourth quarter 2016 net sales of $4.5 billion were even with the prior year. Organic sales increased 1%—including 3% growth in developing and emerging markets. Changes in foreign currency exchange rates reduced sales 1%. Net sales in 2017 are expected to be similar to 2016, including organic sales growth of approximately 2%, said the company. Chairman and CEO Th...

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