Kimberly-Clark, Colgate results show resilience

NEW YORK, Thu Jul 26, 2012 – Results from Kimberly-Clark Corp. and Colgate-Palmolive Co. on Thursday showed household goods makers are nimbly going after growth, with their outlooks somewhat positive about the rest of the year despite economic concerns.
Kimberly-Clark, known for its Kleenex tissues and Huggies disposable diapers, is also seeing relief in key commodity expenses as pulp costs should be somewhat lower than it previously expected.
The company Clark reported quarterly profit that beat expectations and raised its 2012 forecast, while Colgate’s earnings were in line with estimates and it held to its earlier forecast.
Both companies are increasing advertising spending to entice consumers with new products, such as Kimberly-Clark’s Depend and Poise pads for female incontinence, and Colgate’s Colgate Optic White toothpaste.
“I’m encouraged by our execution in a continued volatile environment,” said Kimberly-Clark Chief Executive Thomas Falk.
Kimberly-Clark shares rose 1.1 percent to $84.28, while Colgate jumped 4 percent to $106.31.