Kimberly opts to extract costs and invest in its brands to change the tide of its sales trajectory.
Reflecting a continued inability to reignite its top line (which slumped 1% on an underlying basis in the fourth quarter), Kimberly-Clark announced intentions to slash its workforce, eliminating 5,000-5,500 individuals, or 12%-13% of its global employees, and to shutter or sell 10 manufacturing facilities (around 10% of its network). These efforts are expected to free up around $500 million-$550 million annually by 2021, with the majority slated to fund further spend in innovation and marketing,...Kimberly-Clark is principally engaged in the manufacturing and marketing of a range of products primarily made from natural or synthetic fibers using technologies in fibers, nonwovens and absorbency. The company is organized into three operating segments: Personal Care, which provides solutions and products such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products; Consumer Tissue, which provides facial and bathroom tissue, paper towels, napkins and related products; and K-C Professional, which provides a range of solutions and supporting products such as wipers, tissue, towels, apparel, soaps and sanitizers.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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