Despite Realigning Its Portfolio, Kimberly Is Unwavering in Its Commitment to Brand Investments
Like its peers, narrow-moat Kimberly-Clark has faced numerous challenges, including a tepid economic environment and elevated cost pressures from inflation and tariffs. We question whether Kenvue's struggling consumer health brands are the right antidote. This counters Kimberly's recent focus on its core personal care brands across baby, feminine, and adult care. And it will take significant resources to drive accelerating sales and profits at Kenvue, in our view.