Kimberly-Clark reported third-quarter 2026 adjusted earnings of $1.70 per share attributable to the company, above the $1.64 analyst estimate, while revenue fell 0.4% to $4.134 billion and exceeded the $4.126 billion forecast. Organic sales declined 1.3%, including a 270-basis-point impact from continued disruption in China’s diaper market, where authorities found no evidence supporting the original allegations about Kimberly-Clark’s products and confirmed their safety. Management said rebuilding trust and restoring Huggies demand will take time, while North American retailer inventory changes also weighed on results. Adjusted gross margin narrowed 130 basis points to 35.5%, and adjusted operating profit fell 0.9% to $677 million. North American revenue rose 0.9% to $2.7 billion, while International Personal Care revenue fell 2.8% to $1.4 billion. The company reaffirmed its 2026 outlook, including organic sales growth about 100 basis points below the 1.7% category-growth benchmark, mid-single-digit adjusted operating-profit growth and high-single-digit adjusted earnings-per-share growth on a constant-currency basis. Kimberly-Clark said its adjusted earnings per share attributable to the company would decline by a low-single-digit percentage on that basis. The company completed its roughly $40 billion acquisition of Kenvue on Nov. 2, expects $1.9 billion in cost synergies within three years and said it is positioning for sustainable growth in 2027. Shares were up 2.68% at $111.70 at publication.