Kimberly-Clark cuts 2026 adjusted operating profit growth outlook to mid-single digits amid China diaper disruption

Adjusted operating profit growth outlook was cut to mid-single digits constant-currency, from mid-to-high single digits, reflecting China disruption and stepped-up defense spending.

Second-half gross input cost headwinds are seen at about USD 150 million; pricing net of cost inflation is expected to be roughly neutral, with about 90% of inputs covered.

Adjusted EPS from continuing operations is expected to rise high-single digits constant-currency; adjusted EPS attributable to Kimberly-Clark is expected to fall low single digits; adjusted free cash flow is seen near USD 2 billion.

Kimberly-Clark forecast 2026 organic sales growth about 100 bps below weighted average category growth, with category growth now seen at 2%.

China diaper disruption is expected to be about a 100 bps headwind to full-year growth; Q2 organic sales included a roughly 50 bps hit.