Kimberly-Clark Q3 2026: flat sales, and a $5.37 EPS that isn't earnings
Kimberly-Clark's third quarter was flat at the top and messy at the bottom: sales fell 0.4% to $4.13 billion, organic sales dropped 1.3%, and adjusted EPS of $1.70 beat the $1.66 consensus. The $5.37 GAAP number is a $1.4 billion gain on the IFP transaction, not operations. Read the adjusted lines and the reaffirmed outlook — that is where the real story sits.
1 · Expected vs. Actual
Free preview belowAdjusted EPS of $1.70 beat the $1.66 consensus and rose 17.2% on a continuing-operations basis, helped by lower interest expense and a 19.5% adjusted tax rate. The $5.37 GAAP figure contains a $4.33 per-share gain on the IFP transaction, which is a sale, not a business result. Strip the noise out and adjusted EPS attributable to Kimberly-Clark fell 6.6% from $1.82.
Sales of $4.13 billion slipped 0.4% from $4.15 billion a year ago, and organic sales fell 1.3%. About 270 basis points of that organic decline came from the China social media disruption, with retailer year-over-year inventory movements in North America adding more drag. North America grew 0.9% while International Personal Care fell 2.8%.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-05
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