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The Clorox Company (NYSE: CLX) news hub provides investors and stakeholders with timely updates on this global leader in consumer goods. Track official announcements spanning earnings reports, product innovations, sustainability milestones, and strategic initiatives like the IGNITE transformation.
Discover press releases covering CLX's diverse portfolio, including Clorox® disinfectants, Burt's Bees® natural care, and Kingsford® grilling products. Stay informed about operational developments, ESG progress, and market leadership in household essentials.
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The Clorox Company (CLX) reported a 4% decrease in net sales to $1.74 billion for Q1 FY2023, primarily due to lower volumes, despite a favorable price mix. Diluted EPS fell 40% to 68 cents, impacted by investments in digital capabilities and operating model changes. Adjusted EPS decreased 23% to 93 cents. Gross margin dropped to 36% amid rising manufacturing costs. The company maintains its FY2023 sales outlook, projecting a 2% increase and aiming for a gross margin improvement of 200 basis points.
The Clorox Company (NYSE: CLX) will announce its first-quarter fiscal year 2023 results on November 1, 2022. The schedule includes a press release at 1:15 p.m. PT and a live Q&A session at 2 p.m. PT featuring CEO Linda Rendle and CFO Kevin Jacobsen. Interested parties can access the webcast and press release on the company’s investor relations website. Clorox, headquartered in Oakland, California, emphasizes its commitment to health and environmental sustainability through its various trusted brands.
The Clorox Company (NYSE: CLX) has declared a quarterly dividend of $1.18 per share, payable on Nov. 10, 2022, to stockholders of record as of Oct. 26, 2022. This marks the company's commitment to providing shareholder value, having increased its dividend for 20 consecutive years and maintained annual dividends for over 50 years. Clorox is known for its trusted brands available in about 90% of U.S. homes and is headquartered in Oakland, California.
CloroxPro has launched the EcoClean™ platform, a new line of environmentally friendly cleaners and disinfectants designed for professional use. This product line includes EPA-certified disinfectant and all-purpose cleaners made with up to 99% plant-based ingredients. EcoClean products effectively kill 99.9% of germs in under two minutes and meet high safety standards for human health and the environment. Consumer surveys indicate a significant demand for eco-conscious cleaning solutions in public spaces. Clorox aims to enhance sustainability in cleaning practices while maintaining efficacy.
The Clorox brand is partnering with Allyson Felix to enhance germ prevention for back-to-school families. Research reveals children's clothes are 28 times germier than toilet seats, with backpacks 31 times germier than cell phones. A survey of parents highlights that 69% are concerned about germs from school, with 54% fearing illness. Clorox promotes effective cleaning solutions to keep homes safe during the school year, recognizing the added stress for parents, especially among parents of color. For back-to-school cleaning, Clorox offers products like Disinfecting Wipes and Mist.
The Clorox Company (NYSE: CLX) will present at the Barclays Global Consumer Staples Conference in Boston. CEO Linda Rendle and CFO Kevin Jacobsen will participate in a fireside chat on September 7 from 3-3:40 p.m. ET. Live webcasts of the event can be accessed on the company's website and replays will be available afterwards.
Clorox champions health and well-being with trusted brands, reaching 90% of U.S. homes.
The Glad Products Company has collaborated with Amanza Smith, a real estate agent from the show Selling Sunset, to promote their ForceFlexPlus trash bags featuring Clorox's odor-eliminating technology. A recent survey reveals that 93% of prospective homebuyers consider smell a significant factor in purchasing decisions, with 46% stating bad odors would deter them entirely. Glad's bags don't just mask odors; they eliminate them, enhancing home appeal. Glad's Torture Test showcased the effectiveness of their bags while educating sellers on creating inviting spaces.
The Clorox Company (NYSE: CLX) reported flat net sales of $1.8 billion for Q4 FY2022, with organic sales up 1%. Gross margin remained stable at 37.1%. Diluted EPS grew 4% to 81 cents, though adjusted EPS fell 2% to 93 cents. The company faces challenges from ongoing inflation and market normalization but has launched a streamlined operating model expected to save $75-$100 million annually. For FY2023, Clorox anticipates a 4% decline to a 2% rise in net sales and a diluted EPS range of $3.10 to $3.47, reflecting continued investment in brand and digital capabilities.
The Clorox Company (NYSE: CLX) has declared a 2% increase in its quarterly dividend, raising it from $1.16 to $1.18 per share. The dividend will be payable on August 12, 2022, to shareholders recorded by the close of business on July 27, 2022. Clorox has a strong history of returning value to shareholders, having increased its dividend for 20 consecutive years and maintained annual dividends for over 50 years.
In fiscal year 2021, Clorox reported sales of $7.3 billion, with over 80% of its sales generated from brands holding top market positions.
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