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Essity has said reported sales at its Professional Hygiene (PH) division did not tell the full story. The business generated Q4 2023 revenue of SEK9.6 billion ($920 million), essentially flat versus last year as higher prices offset a 1.7% drop in volumes. However, during today’s earnings call, the company’s senior management said exited volumes in
Jan/san and hygiene vendor Kimberly-Clark Professional (KCP) grew its margins in FY2023 despite a downward trend in volumes. KCP sales for the year were $3.4 billion, a year-on-year organic increase of 7% as the positive impacts of price (+10%) and mix (+1%) more than offset a 5% drop in volumes. Operating profit jumped by 46%
Cleaning products vendor Clorox is still trying to rebuild customer inventories following the cyberattack in August that severely disrupted its operations. Almost three months after the incident, the company is “not yet back to normal”, CEO Linda Rendle noted in her prepared remarks for Clorox’s Q1 2024 earnings. “We believe we have contained the attack
Jan/san products vendor Clorox has baked in a “mild” US recession to its fiscal 2024 outlook. In his prepared remarks for the company’s Q4 earnings conference call, CFO Kevin Jacobsen said he expects to see the volatile and challenging business environment continue, with inflation impacting its customers and input costs. “While our consumers and categories
US jan/san reseller Envoy Solutions has reported a 23% increase in year-on-year sales for the second quarter of 2023. The company – owned by Mexican conglomerate FEMSA – generated Q2 revenue of around $800 million, up from approximately $650 million in Q2 2022. These numbers – from FEMSA’s latest earnings report – are converted from