Clorox CEO Linda Rendle: Our FY24 Integrated Annual Report

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Clorox CEO Linda Rendle has released the company's fiscal year 2024 integrated annual report, highlighting strong momentum despite facing challenges such as a complex macroeconomic environment, pressured consumers, and the aftermath of a cyberattack in August 2023. The company successfully restored operations, rebuilt supply and distribution, and recovered market share.

Despite hurdles, Clorox achieved double-digit adjusted earnings per share growth while investing in brands. The company continues to execute its IGNITE strategy, focusing on delivering superior value through trusted brands, innovating with intent, and creating a more consumer-obsessed, faster, and leaner organization.

Clorox remains committed to its integrated ESG goals and aims to meet consumer needs for value and superior experiences amid ongoing uncertainty. The company is taking steps to navigate near-term challenges while working towards consistent, profitable growth and enhanced long-term shareholder value.

NORTHAMPTON, MA / ACCESSWIRE / October 8, 2024 / The Clorox Company

By Linda Rendle, Chair and Chief Executive Officer

Read the full letter and Clorox's complete FY24 integrated annual report here.

Today we released our fiscal year 2024 integrated annual report. As one of the first companies to integrate ESG into our business reporting, we firmly believe in the positive value we can create for shareholders and for society. We entered fiscal year 2024 with strong momentum but soon faced both expected and unexpected complexity as we navigated a challenging macroeconomic environment, a more pressured consumer and the aftermath of our August 2023 cyberattack.

Thanks to the team's steadfast execution, we quickly restored operations, fully rebuilt supply and distribution, and recovered most of the market share we lost from the cyberattack. This strong recovery reflects the superior value of our brands, supported by consistent investments through both good and challenging times.

In the face of these hurdles, we continued to deliver on our commitment to rebuild margin, and we achieved another year of double-digit adjusted earnings per share growth while investing strongly in our brands.

We have been relentlessly focused on executing on our IGNITE strategy and made progress against our long-term goals. While there is still more work to do, we are in a position of operational strength as we continue transforming our business and delivering superior consumer experiences that win in the market.

Our purpose - to champion people to be well and thrive every single day - guides everything we do. This past fiscal year, we continued to advance our integrated ESG goals to help drive growth, mitigate risk and create positive value for our brands and stakeholders.

Looking ahead, we see an environment where consumers continue to seek value and superior experiences amid ongoing uncertainty in the world around them.

We created our IGNITE strategy to meet those needs. That's why we are focused on delivering superior value through brands that consumers love and trust. We are innovating with clear intent. We are creating a more consumer-obsessed, faster and leaner organization. And we are reinvesting in our business to accelerate growth and transform for the future.

We have been purposeful and balanced in our actions, leaning on IGNITE to execute through every challenge. Led by our values of doing the right thing, putting people at the center and playing to win, we are taking the right steps to navigate the near term and stay true to our goal of being a stronger and more resilient company - one that is poised to deliver more consistent, profitable growth and enhance long-term shareholder value.

I would like to thank my Clorox teammates for their contributions and dedication to our business throughout the year, and for their courage and commitment to the road ahead.

Thank you for your continued support and interest in Clorox.

View additional multimedia and more ESG storytelling from The Clorox Company on 3blmedia.com.

Contact Info:
Spokesperson: The Clorox Company
Website: https://www.3blmedia.com/profiles/clorox-company
Email: info@3blmedia.com

SOURCE: The Clorox Company

View the original press release on accesswire.com

FAQ

What challenges did Clorox (CLX) face in fiscal year 2024?

Clorox faced a challenging macroeconomic environment, pressured consumers, and the aftermath of a cyberattack in August 2023.

How did Clorox (CLX) perform after the August 2023 cyberattack?

Clorox quickly restored operations, fully rebuilt supply and distribution, and recovered most of the market share lost due to the cyberattack.

What is Clorox's (CLX) IGNITE strategy focused on?

The IGNITE strategy focuses on delivering superior value through trusted brands, innovating with intent, and creating a more consumer-obsessed, faster, and leaner organization.

Did Clorox (CLX) achieve earnings growth in fiscal year 2024?

Yes, Clorox achieved double-digit adjusted earnings per share growth while investing strongly in its brands.

What are Clorox's (CLX) long-term goals according to the FY24 report?

Clorox aims to deliver more consistent, profitable growth and enhance long-term shareholder value while advancing integrated ESG goals.