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Kimberly-Clark beat forecasts with quarterly net sales that inched up to $4.6 billion, thanks to its paper-based line of products.
In total, the CPG manufacturer’s consumer tissue segment, which includes brands such as Kleenex, Viva and Scott, increased 12% to $1.6 billion for the three months ending June 30.
“In North American consumer tissue, organic sales increased 22%,” said Mike Hsu, CEO of Kimberly-Clark, during an earnings call with analysts. “Category demand was strong, reflecting increased at-home consumption and some continued consumer stock-up.”
He added: “In tissue, people at home more equals more use at home.”
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