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Clorox's sales trends turned negative this quarter, partly due to a cybersecurity attack. Cost cuts are helping boost earnings.
Clorox's (CLX) third-quarter fiscal 2024 bottom line benefits from pricing actions and cost-saving initiatives. The company also boasts a solid innovation pipeline.
While the top- and bottom-line numbers for Clorox (CLX) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Clorox (CLX) third-quarter results are likely to reflect challenges related to continued impacts of the recent cyberattack incident, inflationary costs and elevated SG&A expense.
Clorox (CLX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
OAKLAND, Calif. , April 23, 2024 /PRNewswire/ -- The Clorox Company (NYSE: CLX) today announced that Chair and Chief Executive Officer Linda Rendle will participate in a fireside chat at the Goldman Sachs Global Staples Forum on Tuesday, May 14, 2024.
Clorox's revenue is expected to continue benefitting from inventory replenishment, increased advertising spend, and new product innovations. Clorox's margins are projected to expand and return to pre-pandemic levels, supported by moderating inflation and cost-saving initiatives. Valuation is lower than historical averages.
The Australian competition regulator has taken legal action against U.S. bleach maker Clorox's local unit for falsely claiming that a brand of its kitchen and garbage bags were partly made of recycled "ocean plastic", it said on Thursday.
The soap and cleaning materials industry stays composed, backed by efforts to improve sales, including pricing actions, innovation, digital transformation and brand building, amid elevated costs. Players like CL, HENKY, CHD and CLX look well-poised.
OAKLAND, Calif. , April 10, 2024 /PRNewswire/ -- The Clorox Company (NYSE: CLX) will issue its third-quarter fiscal year 2024 results on April 30, 2024.