North Texas parents aren’t taking the news of an explosion at a diaper plant in Japan lightly. They’re stocking up over fears of a shortage or price hike.
Personal care company Kimberly-Clark said that its first-quarter profit rose 34 percent, as higher selling prices helped offset rising costs.
Kimberly-Clark — the maker of Kleenex, Huggies and other household goods — said that its fourth-quarter net income fell 19 percent as rising costs dampened its performance.
Kimberly-Clark, based in Irving, also cut its revenue outlook and the high end of its earnings outlook.
The maker of Kleenex and Huggies says its first-quarter net income fell 9.5 percent because it shelled out more for materials.
Kimberly-Clark is raising prices for products including diapers and bathroom tissue as it tries to deal with increasing costs.