Kimberly-Clark Corporation (NYSE:KMB) Q3 2023 Earnings Call Transcript

Michael Hsu: Yes. Maybe I’ll start. I would say most of our pricing went in last year and so we did have some pricing this year. So there will be a little carryover. I wouldn’t say it’s a huge driver of — will be a huge driver for the plan next year. Given what we just discussed on the cost environment, you can see costs this year are still up after being up significantly in ’21 and ’22. And so we’re not seeing a ton of deflation. While there might be — we’re starting to see some modest tailwinds that may continue for a few quarters. But I’m not seeing, at least in the near term in, a huge inflation. We have rolled back some pricing because it notably in Professional in Europe, we had energy costs that really shot up and then came back down.

And so we have adjusted some pricing in some markets and we’ll do that where it makes sense. But in general, I think we’ve priced appropriately for the cost environment that we anticipate and that environment is playing out thus far as we expected.

Operator: That concludes our Q&A session. I will now hand the conference back to Chief Executive Officer, Mike Hsu, for closing remarks. Please go ahead.

Michael Hsu: Okay. Well, as I said, proud of the team that we’re successfully developing — delivering balanced and sustainable growth. Thank you for your interest in Kimberly-Clark and we will see you next quarter.

Operator: Thank you, everyone. This concludes today’s event. You may disconnect at this time and have a wonderful day. Thank you for your participation.