Kimberly Clark experiencing 'good' momentum Says sees "good" margin improvement which is fueling future growth. Says fewer U.S. births has affected its diaper and training pant business but is now seeing the birthrate stabilize, even though that number hasn't turned positive yet. Says plans for products to be in 100 China cities by the end of the year. Sees opportunity to broaden portfolio in those markets. Says in Japan, adult care business is the same as its disposable care business. Says still seeing high single digit growth in Depends business in U.S. Says its India market is underdeveloped relative to China and relative to the country's population. Say not spending as much in North America and Europe which is helping to free-up some CapEx. Says baby wipe business is still mid to high single digit growth business. Comments made at the Sanford Bernstein Annual Strategic Decisions conference.
Kimberly-Clark raises FY15 FORCE cost savings to $350M from $305M Reports savings from 2014 organization restructuring of $20M. Sees FY15 input cost deflation of $100M-$200M. The company said currency drag is expected to have a negative impact on FY15 EPS by more than 20%. The drag on Q2 EPS was approximately 30c per share. Comments taken from Q2 earnings conference call.