From Epoch Times:
By Paul O’Donnell From The Dallas Morning News Prices of toilet paper, diapers, facial tissues, and paper towels will likely rise in coming weeks as consumer giant Kimberly-Clark warned Monday that inflation and supply chain concerns aren’t “likely to be resolved quickly.” The maker of household items such as Huggies diapers, Kleenex facial tissues, and Scott paper towels also cut its annual forecast for the third consecutive quarter. Adjusted earnings will be $6.05 to $6.25 a share this year, the company said, down from a prior projection of as much as $6.90. CEO Michael Hsu said the company is facing a “volatile and difficult macro environment.” “Our earnings were negatively impacted by significant inflation and supply chain disruptions that increased our costs beyond what we anticipated,” he said in a statement as the company reported earnings for the July through September period. “We are taking further action, including additional pricing …
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