NASDAQ$KMB
Kimberly-Clark Corp · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Kimberly-Clark reported strong organic sales growth and gross margin expansion, raised full-year outlook.
Kimberly-Clark's second quarter 2023 results showed a 1% increase in net sales to $5.1 billion, with organic sales up 5%. The company's gross margin was 33.7%, a 350 basis point increase, and adjusted EPS was $1.65. Due to the strong first-half performance, Kimberly-Clark raised its full-year outlook for organic sales growth to 3-5% and adjusted EPS growth to 10-14%.
- Net sales increased by 1% to $5.1 billion, with organic sales up 5%.
- Gross margin improved by 350 basis points to 33.7%, with adjusted gross margin up 380 basis points to 34.0%.
- Diluted earnings per share were $0.30, while adjusted earnings per share were $1.65.
- The company raised its 2023 outlook for organic sales growth to 3-5% and adjusted earnings per share growth to 10-14%.
Headline financials
Revenue & EPS history
Kimberly-Clark · Revenue · Quarterly
$5.13B
Forward guidance
The company updated its full year expectations for 2023.
Tailwinds
- Organic sales growth: 3% - 5%
- FX impact on net sales: (2)%
- Net sales: 0% - 2%
- Income from equity companies: up vs. prior year
- Share repurchases: $100 - $150 million
Headwinds
- FX impact on operating profit: $(300) - $(400) million
- Effective tax rate: 23% - 25%
- This outlook reflects assumptions subject to change given the macro environment
- This outlook does not include the impact of impairment charges
- This outlook does not include the net benefit from sale of Brazil tissue and professional business and pension settlements.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
-0.1%
Avg return
Earnings day
-1.0%
Avg return
5 days after
+0.7%
Avg return
30 days after
48%
35 / 73 earnings
Positive
+12.0%
Q1 2022
Best reaction
-7.8%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.4% | -0.6% | +1.0% | |
| Q4 2025 | -0.7% | -1.1% | +9.1% | |
| Q3 2025 | +3.1% | -13.8% | -6.5% | |
| Q2 2025 | +4.8% | +9.7% | +3.6% | |
| Q1 2025 | -1.5% | -6.0% | -0.2% | |
| Q4 2024 | -1.5% | -1.1% | +6.7% | |
| Q3 2024 | -5.1% | -6.0% | -5.0% | |
| Q2 2024 | -2.5% | -1.6% | +0.3% | |
| Q1 2024 | +6.9% | +4.9% | +2.3% | |
| Q4 2023 | -3.6% | -2.9% | -2.6% | |
| Q3 2023 | -2.5% | -4.1% | +0.4% | |
| Q2 2023 | -3.8% | -4.9% | -6.3% | |
| Q1 2023 | +0.8% | +1.7% | -3.8% | |
| Q4 2022 | -3.2% | -4.2% | -6.3% | |
| Q3 2022 | +3.8% | +7.3% | +15.7% | |
| Q2 2022 | -1.0% | -1.2% | -0.4% | |
| Q1 2022 | +12.0% | +9.7% | +0.2% | |
| Q4 2021 | -1.5% | -1.4% | -5.6% | |
| Q3 2021 | +0.2% | -2.7% | +1.6% | |
| Q2 2021 | +0.1% | -0.0% | +2.4% | |
| Q1 2021 | -7.0% | -7.6% | -5.7% | |
| Q4 2020 | +3.7% | -0.1% | -1.1% | |
| Q3 2020 | -7.8% | -9.2% | -5.8% | |
| Q2 2020 | +2.1% | +4.5% | +9.0% | |
| Q1 2020 | +0.6% | +0.6% | +0.2% | |
| Q4 2019 | -0.7% | +0.3% | -2.1% | |
| Q3 2019 | -3.5% | -3.6% | -4.2% | |
| Q2 2019 | +0.3% | +2.2% | +5.6% | |
| Q1 2019 | +1.7% | +1.8% | +6.0% | |
| Q4 2018 | -3.3% | -6.2% | +3.4% | |
| Q3 2018 | -5.5% | -7.2% | +0.4% | |
| Q2 2018 | +0.9% | +2.5% | +10.2% | |
| Q1 2018 | +0.4% | +4.5% | +4.5% | |
| Q4 2017 | +2.4% | +4.6% | -3.5% | |
| Q3 2017 | -1.2% | -0.9% | +2.3% | |
| Q2 2017 | -1.3% | -1.1% | -2.3% | |
| Q1 2017 | +2.2% | -0.2% | -1.5% | |
| Q4 2016 | +4.3% | +3.4% | +14.8% | |
| Q3 2016 | -4.9% | -4.2% | -4.2% | |
| Q2 2016 | -1.7% | -3.8% | -4.4% | |
| Q1 2016 | -4.2% | — | — | |
| Q4 2015 | -1.4% | — | — | |
| Q3 2015 | +3.1% | — | — | |
| Q2 2015 | -0.3% | — | — | |
| Q1 2015 | +4.2% | — | — | |
| Q4 2014 | -7.7% | — | — | |
| Q3 2014 | +4.3% | — | — | |
| Q2 2014 | -2.5% | — | — | |
| Q1 2014 | -3.7% | — | — | |
| Q4 2013 | +1.9% | — | — | |
| Q3 2013 | +6.2% | — | — | |
| Q2 2013 | -1.3% | — | — | |
| Q1 2013 | +4.2% | — | — | |
| Q4 2012 | +0.3% | — | — | |
| Q3 2012 | -3.6% | — | — | |
| Q2 2012 | +4.7% | — | — | |
| Q1 2012 | +1.8% | — | — | |
| Q4 2011 | -0.1% | — | — | |
| Q3 2011 | +0.7% | — | — | |
| Q2 2011 | -0.3% | — | — | |
| Q1 2011 | -0.6% | — | — | |
| Q4 2010 | -0.4% | — | — | |
| Q3 2010 | -1.4% | — | — | |
| Q2 2010 | +1.1% | — | — | |
| Q1 2009 | +3.0% | — | — | |
| Q1 2010 | -1.0% | — | — | |
| Q4 2007 | +0.0% | — | — | |
| Q4 2009 | +0.0% | — | — | |
| Q4 2008 | +0.9% | — | — | |
| Q3 2008 | +0.9% | — | — | |
| Q3 2009 | +0.9% | — | — | |
| Q2 2009 | -0.0% | — | — | |
| Q2 2008 | -0.0% | — | — |
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