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Foreign exchange and weak cold season clip Kimberly-Clark

  • Kimberly-Clark (KMB) reports it grew organic sales by 4% in Q1, led by K-C International.
  • Foreign exchange fluctuations and strategic changes by Kimberly-Clark in Europe clipped sales growth.
  • The Consumer Tissue segment saw a 2% sales drop during the period as a soft cold and flu season in North America crimped demand.
  • The company reiterates prior guidance for 2014 EPS of $6.00-$6.20.
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