Kimberly-Clark is having its best week in four years. Here's what is propelling shares higher
After a bruising September for the stock, the good news is starting to pile up.
TL;DR
- Kimberly-Clark's stock has surged approximately 8% this week, marking its best performance since October 2022.
- Preliminary third-quarter results showed revenue of $4.13 billion and EPS of $1.70, surpassing Wall Street estimates.
- European and Brazilian regulators have approved Kimberly-Clark's acquisition of Kenvue, a significant hurdle cleared for the deal.
- Chinese authorities refuted claims of toxic chemicals in Huggies diapers, helping to alleviate concerns that had impacted sales.
- The pending Kenvue acquisition is expected to close by year-end, creating the second-largest consumer health and wellness company by revenue.