Kimberly-Clark estimates $20 million revenue loss from California warehouse fire

12 articles · Updated · The Wall Street Journal · Apr 28

Executives revealed the loss during a first-quarter earnings call, after an arson destroyed a 1.2 million-square-foot Ontario, California warehouse on April 7.
Federal prosecutors charged Chamel Abdulkarim, 29, with arson, alleging he posted video of the fire on social media and made incriminating statements.
The blaze caused about $500 million in damage but resulted in no injuries. The revenue hit is expected to reduce Kimberly-Clark’s second-quarter organic growth by 0.7% to 0.8%.

Can Kimberly-Clark's massive Kenvue merger survive this costly supply chain disaster?

Is this $650 million fire a warning sign of deeper unrest in America's warehouses?

Did one worker's alleged arson just threaten the West Coast's paper supply?

How will this single act of destruction impact millions of West Coast consumers?

With a social media confession, what possible defense can the accused arsonist claim?