Kimberly-Clark Corp. delivered its worst sales performance in at least a decade, hit by supply-chain disruptions, continued business shutdowns and fallout from last year’s toilet paper hoarding amid the pandemic.
The maker of Huggies diapers and Cottonelle toilet paper reported an 8% decline in organic sales, which strips out deals and currency moves, for the quarter ended March 31. Sales in its consumer-tissue segment, which includes toilet paper, Scott paper towels and Kleenex tissue, fell 14%.
