By Matt Grossman

Kimberly-Clark Corp. Thursday reinstated full-year financial guidance, forecasting earnings higher than what it had anticipated when it first estimated its yearly profit in January.

The Dallas-based company, parent to brands such as Huggies, Kleenex, Scott and Cottonelle, said it anticipates full-year earnings of $6.35 to $6.90 a share, or $7.40 to $7.60 on an adjusted basis.

Analysts had been expecting full-year adjusted earnings of $7.55 a share, according to FactSet.

Kimberly-Clark said it expects a net sales increase of 1% to 2% and organic sales growth of 4% to 5%.

In January, the company had forecast 2020 adjusted earnings of $7.10 to $7.35 a share, but withdrew that guidance in April amid the uncertainty of the coronavirus pandemic.

Kimberly-Clark said it will resume its share-repurchase program, which was also suspended in April. 



  Write to Matt Grossman at matt.grossman@wsj.com