Kimberly-Clark Appoints Scott Usitalo Chief Marketing Officer
Kimberly-Clark Corp. KMB recently appointed Scott Usitalo as its new chief marketing officer.
Kimberly-Clark believes the role is a strategic fit for Usitalo as he has vast experience in marketing. Usitalo joined Kimberly-Clark in 2008 and has held several global and regional leadership roles across the company with the most recent being the president of Kimberly-Clark's family care business in North America. Before joining Kimberly-Clark, Usitalo spent over 24 years at Procter & Gamble Co. PG in various product supply, brand management and global marketing leadership roles. He will report to Tony Palmer, president of global brands and innovation.
Overall, we are impressed with Kimberly-Clark’s cost saving initiatives and continued product innovation that have been driving earnings for the past many quarters. The company also achieved higher organic sales on the back of volume growth and better pricing in the last eight consecutive quarters.
KIMBERLY CLARK Price and Consensus
KIMBERLY CLARK Price and Consensus | KIMBERLY CLARK Quote
In the last reported first quarter 2016 in April, Kimberly-Clark’s earnings beat the Zacks Consensus Estimate but revenues missed the same due to currency headwinds.
Adjusted earnings increased 7.7% year over year driven by organic sales growth, cost savings, input cost deflation, margin improvements and lower tax rates. However, earnings were negatively impacted by unfavorable foreign currency exchange rate effects and increased marketing expenses. Organic sales grew 2% from the prior-year quarter, mainly driven by volumes. Organic sales grew 5% in developing and emerging markets.
Kimberly-Clark has a Zacks Rank #3 (Hold).
Better-ranked stocks in the consumer staples sector include Ollie's Bargain Outlet Holdings, Inc. OLLI and Newell Brands Inc. NWL. Both hold a Zacks Rank #2 (Buy).
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