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Kimberly-Clark Boosts Sales and Inflation Forecast for 2022

Kimberly-Clark Kleenex brand facial tissues

Kimberly-Clark Kleenex brand facial tissues

Photographer: Daniel Acker/Bloomberg

Kimberly-Clark Corp. raised its full-year revenue forecast while also lifting its outlook for costs in the latest sign of inflation’s staying power.

The Dallas-based company now expects organic sales to rise as much as 7%, compared with 6% at most previously, largely thanks to price increases. However, material costs should come in at $1.6 billion on the high end, a $300 million increase from the prior guidance.