Margin And ProfitabilityThe general margin cycles for KMB tend to be linear, and recent trends suggest a deceleration, which could impact future profitability.
Market RisksThere is difficulty in predicting strong growth for KMB as the sales are running flat and general margin is decelerating, posing a risk to earnings growth.
Sales PerformanceKMB's organic sales growth has relied on atypical sales tailwinds from pricing, which are now over, making future growth more dependent on volume and mix growth.