Kimberly-Clark Corp., the parent company of the Scott toilet paper brand, has revised its full-year organic sales forecast downward due to disappointing sales results.
The company now expects organic sales growth of 3% to 4% for the year, which is lower than its previous projection of mid-single-digit gains.
This adjustment is a response to challenges faced by Kimberly-Clark, including fluctuations in retail inventory levels that have affected overall sales performance.
This news highlights the ongoing pressures experienced by companies in the consumer goods sector as they navigate changes in the market.