Increases Slated for Early 2008 Driven by Cost Inflation
DALLAS, Oct. 9 /PRNewswire-FirstCall/ — Kimberly-Clark Corporation (NYSE:KMB) today announced that its consumer tissue and baby and child care businesses are notifying customers of plans to raise prices in the U.S. during the first quarter of 2008. The company said the increases are necessary to offset significant inflationary pressure from higher raw material and energy costs.
Prices for Cottonelle and Scott bathroom tissue, Viva and Scott paper towels, Huggies diapers, Pull-Ups training pants, Goodnites youth pants and Huggies Little Swimmers swimpants will increase between 4 and 7 percent effective February 3, 2008. K-C’s annual net sales for these products in the U.S. are in excess of $4 billion.
Kimberly-Clark and its well-known global brands are an indispensable part of life for people in more than 150 countries. Every day, 1.3 billion people — nearly a quarter of the world’s population — trust K-C brands and the solutions they provide to enhance their health, hygiene and well-being. With brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend, Kimberly-Clark holds No. 1 or No. 2 share positions in more than 80 countries. To keep up with the latest K-C news and to learn more about the company’s 135-year history of innovation, visit http://www.kimberly-clark.com/.
Copies of Kimberly-Clark’s Annual Report to Stockholders and its proxy statements and other SEC filings, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, are made available free of charge on the company’s Web site on the same day they are filed with the SEC. To view these filings, visit the Investors section of the company’s Web site.
Certain matters contained in this news release concerning the business outlook, including new product introductions, cost savings and acquisitions, changes in finished product selling prices, anticipated costs and benefits related to the Competitive Improvement Initiatives, anticipated benefits from the accelerated share repurchase agreement, anticipated financial and operating results, strategies, contingencies and anticipated transactions of the company constitute forward-looking statements and are based upon management’s expectations and beliefs concerning future events impacting the company. There can be no assurance that these future events will occur as anticipated or that the company’s results will be as estimated. For a description of certain factors that could cause the company’s future results to differ materially from those expressed in any such forward-looking statements, see Item 1A of the company’s Annual Report on Form 10-K for the year ended December 31, 2006 entitled “Risk Factors.”
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Source: Kimberly-Clark Corporation