Net income for the quarter was $403 million, down slightly from $417 million in the year-ago quarter, the story stated.
According to the story, quarterly sales fell nearly 6 percent to $4.73 billion.
The decline in profits is being blamed on cheaper store brands in Europe, retailer cutbacks, increased promotional activity and currency fluctuations, the story noted.
Kimberly-Clark is expecting a yearly profit decline of 4 percent to 6 percent, less than the 6 percent to 8 percent decline previously projected by FactSet Research Systems Inc.
, the story added.