IRVING, TX — Kimberly-Clark Corporation recently released its figures for the first quarter of fiscal year 2010, which included a 7.6 percent increase in net sales over the year-ago quarter, according to a press release.
Kimberly-Clark''s strategic marketing spending increased by $60 million in the first quarter to support the company''s product innovation activities and targeted growth initiatives, the release stated.
Kimberly-Clark Professional noted a 12.1 percent increase in sales of commercial products when compared to fiscal year 2009''s first quarter, the release noted.
Kimberly-Clark Chairman and Chief Executive Officer (CEO) Thomas J. Falk said: "We are off to a solid start to the year with our first quarter results. Organic sales rose 2 percent, and we delivered strong improvements in gross margin and adjusted earnings per share, including excellent contributions from our ongoing cost savings program and last year''s organization optimization initiative. In addition, we strengthened our brands by launching a number of innovations in the first quarter and by significantly increasing strategic marketing spending ... All-in-all, we are off to a good start to 2010."
Operating profit was $665 million in the first quarter of fiscal year 2010, up 6 percent from $628 million in the year-ago quarter, the release added.
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