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As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q3. Today we are looking at the household products stocks, starting with Kimberly-Clark (NYSE:KMB).
Household products companies engage in the manufacturing, distribution, and sale of goods that maintain and enhance the home environment. This includes cleaning supplies, home improvement tools, kitchenware, small appliances, and home decor items. Companies within this sector must focus on product quality, innovation, and cost efficiency to remain competitive. Household products stocks are generally stable investments, as many of the industry's products are essential for a comfortable and functional living space. Recently, there's been a growing emphasis on eco-friendly and sustainable offerings, reflecting the evolving consumer preferences for environmentally conscious options.
The 10 household products stocks we track reported a decent Q3; on average, revenues beat analyst consensus estimates by 1.9% Stocks have been under pressure as inflation (despite slowing) makes their long-dated profits less valuable, but household products stocks held their ground better than others, with the share prices up 6.8% on average since the previous earnings results.
Kimberly-Clark (NYSE:KMB)
Originally founded as a Wisconsin paper mill in 1872, Kimberly-Clark (NYSE:KMB) is now a household products powerhouse known for personal care and tissue products.
Kimberly-Clark reported revenues of $5.13 billion, up 1.6% year on year, falling short of analyst expectations by 0.6%. It was a strong quarter for the company, with an impressive beat of analysts' organic revenue growth estimates and a solid beat of analysts' gross margin estimates.
"We delivered another strong quarter, with organic growth across all segments and continued margin progress," said Kimberly-Clark Chairman and CEO Mike Hsu.
Kimberly-Clark delivered the weakest performance against analyst estimates of the whole group. The stock is up 1.2% since the results and currently trades at $123.27.
Is now the time to buy Kimberly-Clark? Access our full analysis of the earnings results here, it's free.
Best Q3: Clorox (NYSE:CLX)
Founded in 1913 with bleach as the sole product offering, Clorox (NYSE:CLX) today is a consumer products giant whose product portfolio spans everything from bleach to skincare to salad dressing to kitty litter.
Clorox reported revenues of $1.39 billion, down 20.3% year on year, outperforming analyst expectations by 5.8%. It was a very strong quarter for the company, with an impressive beat of analysts' earnings estimates.