Kimberly-Clark Reports Weaker Sales In First Quarter Of 2016

Kimberly-Clark Corporation reported sales declined 5 percent to $4.5 billion in the first quarter of 2016, compared with the same quarter in the previous year. Foreign currency exchange rates lowered sales 7 percent, with most currencies weakening against the U.S. dollar. Organic sales grew 2 percent due to increased volumes. Operating profit for the quarter was $804 million, compared with $748 million in 2015.