Kimberly-Clark Corporation has released its annual Form 10-K report, detailing a 2.1% decrease in net sales to $16,447 million, primarily due to divestitures and unfavorable currency impacts, though partially offset by organic growth. The company reported challenges in gross and operating profit, attributed to pricing, inflation, and strategic initiatives. Kimberly-Clark is executing its 2024 Transformation Initiative to enhance agility and efficiency, while also pursuing the acquisition of Kenvue, Inc. to expand its portfolio.
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KIMBERLY CLARK CORP SEC 10-K Report
Kimberly-Clark Corporation has released its annual Form 10-K report, detailing a 2.1% decrease in net sales to $16,447 million, primarily due to divestitures and unfavorable currency impacts, though partially offset by organic growth. The company reported challenges in gross and operating profit, attributed to pricing, inflation, and strategic initiatives. Kimberly-Clark is executing its 2024 Transformation Initiative to enhance agility and efficiency, while also pursuing the acquisition of Kenvue, Inc. to expand its portfolio.