Kimberly-Clark's Q3 Earnings Take a Dip

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Kimberly-Clark will continue investing in its key brands despite a net income drop of nearly 9%, the company said today as it reported third quarter earnings.

The maker of Huggies and Kleenex tissues reported a decrease in net income to $413.1 million, or 99 cents per share, from $453.1 million, or $1.04, in the same year-ago period. Escalating raw material costs for fuel and paper-based items and the company’s failure to raise prices adequately, combined with private label growth in the paper towel segment, were the main reasons for the decline, the company said.

Nonetheless,

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