Stores Are Covering Empty Shelves With Pictures Of Food, Inflation Eats Profits At Kimberly Clark

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Investors are becoming increasingly concerned about inflation impacting the performance of companies. The latest example is from Kimberly-Clark Corporation, which missed analysts' forecasts as inflation and supply chain disruptions dented sales.
Kimberly-Clark shares slumped the most in six months after the maker of toilet paper, Huggies diapers, Kleenex tissues, and tampons, among other household items, slashed its annual forecast amid inflationary pressures and supply-chain woes.
Kimberly-Clark reported a Q3 net income of about $469 million, or $1.39 per share, compared with $472 million, or $1.38 per share, last year. Adjusted EPS of $1.62 missed consensus of $1.65. Sales of $5.01 billion were up from $4.68 billion last year and higher than the consensus of $4.99 billion.
"Our earnings were negatively impacted by significant inflation and supply-chain disruptions that increased our costs beyond what we anticipated," CEO Mike Hsu said in the statement.
The company is raising prices to offset soaring commodity prices sparked by supply chain issues that are not likely abating anytime soon.
"We are taking further action, including additional pricing and enhanced cost management, to mitigate these headwinds as it is becoming clear they are not likely to be resolved quickly," Hsu said.