Kimberly-Clark Earnings: Winning Innovation Buoys Volumes; Kenvue Deal Nears Close; Shares a Bargain

In the first quarter, Kimberly-Clark chalked up 2.5% organic sales growth, netting a 3% benefit from higher volumes and favorable mix against a 0.5% pullback in pricing. The adjusted gross margin contracted 60 basis points to 37.9%, as brand and supply chain investments ate into cost savings.