Feed - Buzzberg

12:00
Aug 04 ◎

KMB FY2026 Q2 Watch

Kimberly-Clark Corporation (KMB) FY2026 Q2 Earnings Call

KMB SUZ ▾

Nelson

Despite strong Q2 bottom-line execution, management was cautious on the full-year outlook due to the China diaper disruption, trade inventory destocking, and inflationary pressures, while highlighting the strength of productivity and the innovation pipeline.

"Given all those moving pieces, standing here today, it's early to provide a specific view on 27 because we still have a lot of things that need to land in the back half of the year"

KMB WATCH

Mike Hsu

K-C's new 'alternative natural fiber' program could reduce reliance on traditional forest pulp over the long term, impacting pulp demand dynamics. — A successful alternative fiber at scale would erode demand from traditional pulp suppliers like Suzano, positioning K-C against its own partners and competitors in the raw materials market.

"We also completed the successful launch of Arbex, our strategic joint venture with Susano."

SUZ WATCH

HIGH

12:00
Apr 28 ◎

KMB FY2026 Q1 Watch

Kimberly-Clark Corporation (KMB) FY2026 Q1 Earnings Call

KVUE KMB ▾

Mike Hsu

Management identifies specific logistical synergies with Kenvue (combining dense and bulky products in shipments), indicating tangible cost-saving opportunities.

"our view is that the recent challenges, although widely reported, have been largely executional, and we don't see them as being structural. And, in fact, there are, you know, pockets or more than pockets of strong profitable growth"

KVUE WATCH

Mike Hsu

Guidance is held despite a new $150-170 million cost headwind from oil prices in the back half of the year. Management expresses confidence in offsetting it through past tools (PNOC, productivity) but keeps the cards close on exact actions, acknowledging uncertainty. Overall tone is cautiously optimistic but with clear risks flagged.

"Our power and care growth engine is enabling Kimberly Clark to continue building industry-leading base business momentum."

KMB WATCH

HIGH

13:00
Jan 27 ◎

KMB FY2025 Q4 Watch

Kimberly-Clark Corporation (KMB) FY2025 Q4 Earnings Call

ANDURIL KMB PG COST ▾

Mike Hsu

Mentions of 'partners' in the context of the Kenvue acquisition and broader strategy, likely referring to commercial partners rather than specific companies like Anduril. Low confidence.

"We are excited to seize the vast opportunity ahead and confident we will create significant value for our consumers, our partners, and our shareholders."

ANDURIL WATCH

Nelson

Guidance is for organic growth in line with the 2% category and maintained EPS, with margin expansion expected. However, the company faces headwinds from distribution loss and a slower consumer, with investment in innovation planned.

"We expect to expand margins, both gross and operating profit margins in the year, in 2026, putting us well on pace to achieve our objectives of at least 40% before the end of the decade."

KMB WATCH

Mike Hsu

The $200M input cost inflation in 2025, including tariffs, is not expected to recur in 2026, but management isn't planning for inflation either, seeing costs as largely flat. — If input costs are flat, competitive pressure to lower prices may come from KMB's productivity savings, and the lack of a tailwind from input costs could moderate promotional pushes but also signals a stable cost environment.

"In terms of diapers, again, we're growing by driving innovation and brand building that grows the category and cascading that to all tiers."

PG WATCH

Russ

KMB will lose partial distribution of diapers and pull-ups at a major club (implied Costco) starting Q1 2026, a headwind that is built into guidance.

"However, you know, we did see a major club player has moved away from, you know, branded exclusivity in our category. And so we'll see, you know, partial loss of diapers and pull-ups distribution in the North America club channel. And"

COST WATCH

HIGH

Feed — Buzzberg