DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5

To Counter Profits Decline, Kimberly-Clark Rises Prices

By Steve Wynne-Jones
Share this article
To Counter Profits Decline, Kimberly-Clark Rises Prices

Kimberly-Clark, the maker of Huggies diapers and Kleenex tissues has announced it will increase prices for several key products in North America.

The group said that the price increases will be in the 'mid-to-high single digits on average' for various products such as Kleenex, Viva paper towels, Huggies diapers.

The price increases will occur over Q4 2018 and Q1 2019. The increases will apply to both list prices and package counts.

The group cited 'significant commodity cost inflation' as the key reason necessitating the price increases.

This commodity price increase had already forced the company to lower its profit forecast. The company cited at the time the rise in cost of key raw materials such as pulp from $675 million to $775 million in 2018, with CEO Thomas Falk commenting, "Our second quarter results reflect a challenging environment, particularly with commodity inflation."

© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Matthieu Chassain. Click subscribe to sign up to ESM: European Supermarket Magazine.

ADVERTISEMENT
Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.