Kimberly-Clark's (KMB) Huggies, Pull-Ups and GoodNites Baby and Child Care Products, and Cottonelle and Scott Bathroom Tissues
As if all things childcare weren't expensive enough, in March Kimberly-Clark said it would raise the price of Huggies baby wipes and diapers, as well as a roster of other baby care products and bathroom tissues. Kimberly-Clark said net selling prices in the U.S. and Canada for its Huggies baby wipes and diapers, Pull-Ups training pants and GoodNites youth pants would increase between 3% and 7%, on average. The price hikes were set to go into effect between June 19 and Aug. 17 of this year. Additionally, Kimberly-Clark will raise net selling prices in the U.S. for Cottonelle and Scott 1000 bathroom tissue products by around 7%, effective June 19. Price increases will vary by brand and pack size, the company said. Then in April, Kimberly-Clark said higher costs for materials like wood pulp led to an 8.9% decline in its quarterly profit, and that the maker of Kleenex tissues will once again look to pass on those higher costs to consumers.