CHICAGO (Reuters) – Kleenex tissue maker Kimberly-Clark Corp (KMB.N) posted a steeper-than-expected drop in quarterly profit on Monday and cut the low end of its full-year forecast as costs of pulp and other goods are rising more than twice as much as it expected.
The maker of Huggies diapers and Scott paper goods will raise prices on a swath of items, including most of its North American consumer products, to offset the impact of higher costs, Chief Executive Officer Thomas Falk said in a statement.
via news.yahoo.com
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