March 28, 2002 |
Kimberly-Clark Corp., the maker of Huggies diapers, pledged not to violate securities laws in settling a Securities and Exchange Commission case over the company's 1999 earnings restatement. Dallas-based Kimberly-Clark said in an SEC filing it agreed to settle the case without paying a fine and without admitting or denying it broke securities laws and SEC rules. John Donehower, chief financial officer at the company, settled a case brought against him personally on the same terms.
October 16, 2001
* Kimberly-Clark Corp. said it will report an unexpected decline in third-quarter profit and full-year results will miss forecasts because of declining currencies and sluggish sales in Mexico. The maker of diapers and tissues said it now expects profit of 80 cents in the latest quarter, down from 84 cents a year ago. Profit for the full year should be $3.20 to $3.30 a share, compared with the $3.38 analysts expected.
May 24, 2000 |
Procter & Gamble Co. and Kimberly-Clark Corp., the two largest U.S. makers of diapers, said they will raise prices by an average of 6% in mid-September to offset higher costs. Between them, the two companies make 80% of the disposable diapers sold in the U.S. Both will reduce the number of diapers included in each package by an average 13% while cutting prices just 7%. That works out to an effective 6% increase on Kimberly-Clark's top-selling Huggies and Procter & Gamble's Pampers and Luvs.
April 13, 2000 |
Webvan Group Inc., an Internet company that sells groceries in San Francisco, said it formed agreements with Clorox Co., Kimberly-Clark Corp. and Nabisco Holdings Corp. to widen its variety of products and attract more shoppers. Financial terms weren't released. The agreements will let Foster City, Calif.-based Webvan offer promotional discounts on these companies' products, boosting sales, Webvan said.
February 24, 1999 |
Kimberly-Clark Corp. said that the WPP Group of global communications companies will handle all worldwide advertising for its consumer products. J. Walter Thompson, a WPP agency, has been awarded global creative advertising responsibility for the company's tissue brands, including Kleenex, Scott, Scottex and Andrex, it said. The accounts were previously shared by J. Walter Thompson, WPP's Ogilvy & Mather and Foote, Cone & Belding, which is a unit of Chicago-based True North Communications Inc.