Kimberly-Clark de México (KIMBERA) Q3 2026 earnings summary

Executive summary

• Q3 sales were flat YoY at Ps. 13.4bn; Consumer Products grew for a fifth consecutive quarter, while margins remained resilient amid cost pressures.

• Q3 net income was Ps. 1.7bn and EPS Ps. 0.56, both flat YoY; 9M26 sales, EBITDA, net income and EPS rose 2%, 7%, 7% and 8%, respectively.

Financial highlights

• Q3 net sales were Ps. 13.4bn, flat YoY in volume and price/mix; COGS decreased 2.9%.

• Gross profit rose 3.7% to Ps. 5,384m and operating profit increased 2.3% to Ps. 2,920m; 9M26 gross and operating profit each rose 9%.

• EBITDA reached Ps. 3.4bn, up 1.6% YoY; EBITDA margin was 25.5%.

• In U.S. GAAP and dollars, Q3 net sales increased 8%, operating profit 11% and net income 8% YoY.

Outlook and guidance

• Weak consumer demand is expected to persist through year-end; Away from Home may improve slightly in Q4, with broader improvement anticipated in 2027.

• If domestic consumption strengthens, Consumer Products could return to mid-single-digit growth in 2027; innovation plans are intended to support results if demand remains soft.

• Q3-level cost pressures are expected to continue through Q4, potentially at slightly lower levels; 2027 cost trends depend on geopolitical developments.

• Targeted category- and SKU-level pricing actions are under consideration rather than broad-based increases.

• The long-term EBITDA margin range is 25%–27%; Q3’s 25.5% margin was within the range for the 14th consecutive quarter.