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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.
Manufacturers are shrinking products as a way to raise the price without you noticing. It is a trend that some consumers are calling deceitful.
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.