Kimberly-Clark Forecasts Third-Quarter Sales Decline, Backs Annual Outlook
Kimberly-Clark forecast lower third-quarter sales following a social-media firestorm in China over its diapers this summer. It backed its annual outlook, and its quarterly projections are above Wall Street estimates.
Kelly CloonanKimberly-Clark forecast a decline in third-quarter sales and backed its outlook for the year, following a social-media firestorm in China over the company's diapers this past summer.However, the Huggies maker's projections for the quarter are above Wall Street's estimates. The stock ti…