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Kimberly-Clark Cuts Forecast After China Formamide Claims Hit Diapers

Kimberly-Clark logoKimberly-Clark
Sig3.55Sen-3.85Env0.00Soc-1.75Gov-1.05

Kimberly-Clark cut its annual forecast as China disruptions hurt Huggies diaper sales amid claims on Chinese social media that the product contained formamide. The company cited independent testing by a government-certified third party to refute the allegation and noted a market regulator inquiry without an update. It expects a roughly $150 million impact, and quarterly net sales rose 0.6% to $4.19 billion.

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