Jim Cramer’s Game Plan: 23 Stocks to Watch

18. Kimberly-Clark Corporation (NYSE:KMB)

Number of Hedge Fund Holders: 43

Referring to Procter & Gamble’s earnings which people were okay with, Cramer said that Kimberly-Clark Corporation (NYSE:KMB) is more liked. Cramer said that Kimberly-Clark “is working”.

Kimberly-Clark (NYSE:KMB) is a manufacturer and marketer of personal care and consumer tissue products throughout the United States. The company offers a diverse range of items, including disposable hygiene products, facial tissues, paper towels, and professional hygiene solutions. Renowned brands such as Huggies and Kleenex are among those under which these products are sold.

In the first half of the year, the company reported sales of $10.2 billion. Year-to-date adjusted operating profit for 2024 reached $1.7 billion, marking a 15% increase from the previous year’s $1.5 billion, despite facing a 9% adverse effect from currency fluctuations. Adjusted earnings per share for the period stood at $3.97, up from $3.32 the previous year.

Based on the performance in the first half of the year, Kimberly-Clark (NYSE:KMB) revised its outlook for 2024. Organic net sales are forecasted to grow at a mid-single-digit rate, while reported net sales are expected to be negatively affected by 400 basis points due to currency translation and 120 basis points from divestitures. The company now projects adjusted earnings per share growth at a mid-to-high teens percentage rate on a constant-currency basis, an upward adjustment from earlier expectations of low-teens growth.