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Diaper manufacturer Kimberly-Clark lowers profit expectations due to reduced tariff costs.
Jin10 data April 22 news, Kimberly-Clark Corp. has lowered its profit forecast for this year, citing uncertainty brought about by the impact of the global trade war on its costs. The Texas-based manufacturer of diapers and paper towels now expects adjusted operating profit in 2025 to be flat or slightly rise in fixed exchange rate terms, rather than the high single-digit growth rate predicted in January. "The current environment will mean that the costs of our global supply chain will be higher than we expected at the beginning of the year," CEO Mike Hsu said in a statement announcing first-quarter results. Hsu stated that he believes the company can "offset these costs over time," thus improving profitability.