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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.
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DiGiorno and Hidden Valley Ranch (NYSE: CLX) have announced a collaborative launch of two -edition ranch-infused pizzas. The new offerings include the Spicy Rancheroni Thin Crust Pizza, featuring buffalo-style ranch sauce and jalapeños, available exclusively at Kroger stores for $6.99 starting March 2025, and the Chicken Bacon Ranch STUFFED Crust Pizza, launching nationwide in April for $9.49.
Alongside the product launch, the companies will release a -edition merchandise collection including sweatshirts, socks, tote bags, and lapel pins, available through an exclusive online giveaway on Pi Day (March 14) at noon ET.
Clorox (NYSE: CLX) has announced a quarterly dividend of $1.22 per share on its common stock. The dividend will be paid on May 9, 2025, to shareholders who are on record as of April 23, 2025.
The company highlighted its consistent track record of delivering shareholder value through regular dividend payments and yearly dividend increases.
Clorox (NYSE: CLX) has announced its participation in the upcoming Consumer Analyst Group of New York's (CAGNY) annual conference in Orlando, Florida. The company will be represented by Chair and CEO Linda Rendle, CFO Kevin Jacobsen, and Treasurer and incoming CFO Luc Bellet as featured speakers.
The presentation is scheduled for Thursday, February 20, 2025, at 2:00 p.m. ET (11:00 a.m. PT). Interested parties can access a live webcast of the presentation through the company's website, with a replay available after the event.
Hidden Valley Ranch announced its first luxury fashion collaboration with MELKE designer Emma Gage, launching during New York Fashion Week as part of MELKE's Fall/Winter 2025 collection. The collaboration features five custom ranch-inspired pieces, including two cardigans, a knit vest, a blouse, and pants.
The collection incorporates geometric patterns inspired by the Hidden Valley Ranch bottle and seasoning packet designs. Pieces will be available for purchase on HiddenValleyRanch.com, melkenyc.com, and select retailers nationwide in fall 2025, with prices ranging from $240 to $1,000.
Clorox (NYSE: CLX) reported Q2 FY2025 results with net sales decreasing 15% to $1.69 billion, while organic sales declined 9%. The decrease was primarily due to lapping the retail inventory restoration following the August 2023 cyberattack and recent divestitures. Gross margin improved 30 basis points to 43.8%, driven by cost savings and divestiture benefits.
Diluted EPS increased 105% to $1.54, while adjusted EPS decreased 28% to $1.55. The company grew market share in seven of eight categories and achieved its ninth consecutive quarter of gross margin expansion. Notably, Clorox and P&G announced plans to end their Glad® joint venture by January 31, 2026, with Clorox intending to acquire P&G's 20% interest.
For FY2025, Clorox updated its outlook, expecting net sales between -1% to +2%, and organic sales growth of 4% to 7%. The company raised its adjusted EPS guidance to $6.95-$7.35, representing a 13-19% year-over-year increase.
Clorox (NYSE: CLX) announced that CFO Kevin Jacobsen will retire effective April 1, 2025, after nearly 30 years with the company. Luc Bellet, an 18-year company veteran and current treasurer, will succeed him as Executive Vice President and CFO, reporting to CEO Linda Rendle.
Jacobsen, who joined Clorox in 1995 and has served as CFO since 2018, was instrumental in driving the company's IGNITE strategy, portfolio evolution, and margin transformation efforts. He will continue in an advisory capacity until June 2025.
Bellet brings extensive experience across all aspects of Clorox's financial organization, including financial planning and analysis, internal audit, and business development. The transition comes as the company focuses on digital transformation and growth initiatives.
CloroxPro has released its 2024 Clean Index report, based on a survey of over 1,500 cleaning professionals and consumers. The report reveals significant trends in the cleaning industry: two-thirds of cleaning professionals reported their facilities are using eco-conscious cleaners, with 60% having set goals to increase their usage.
The study highlighted concerning workforce challenges, with 50% of cleaning professionals experiencing burnout in the past year, and nearly half reporting increased burnout levels over two years. A key issue is insufficient training, with 60% of professionals lacking confidence in their cleaning outcomes due to inadequate training programs.
Consumer insights show that 79% of consumers consider it important for businesses to provide disinfecting wipes, while over half remain concerned about germ exposure at work. The survey was conducted in September 2024, sampling 1,000 consumers and 511 cleaning industry professionals across Education, Government, and Healthcare settings.
Clorox (NYSE: CLX) has announced it will release its second-quarter fiscal year 2025 results on February 3, 2025. The company will follow a two-step announcement process:
1. At 1:15 p.m. PT / 4:15 p.m. ET, Clorox will post its press release and prepared management remarks on their website.
2. At 2 p.m. PT / 5 p.m. ET, the company will host a live Q&A audio webcast for analysts featuring Chair and CEO Linda Rendle and CFO Kevin Jacobsen.
Clorox reported significant achievements in FY2024, including the implementation of a streamlined operating model expected to generate $100M in annual cost savings. The company achieved an 82% teammate engagement score, surpassing Fortune 500 and industry benchmarks. Notable accomplishments include spending $202.8M with diverse suppliers (up $1.5M from FY2023), achieving pay equity for nonproduction teammates globally, and improving workplace safety with a 14.5% reduction in incident rates.
The company continues its $500 million digital transformation investment over five years, implementing a new ERP system starting in Canada and Global Finance, with U.S. implementation planned for FY2026. Clorox also launched Brand & Marketing University for technical upskilling and enhanced employee health benefits, focusing on preventive care initiatives.
The Clorox Change Makers initiative highlights employees who promote diversity, inclusion, and allyship within the company. The PR focuses on Mark Danis, a vice president in the legal team, who was nominated by Director Leah Farmer for his exemplary allyship practices. Danis is recognized for his ability to listen effectively, understand diverse perspectives, and create an inclusive environment.
Farmer emphasizes how Danis supports employees as whole persons, helping them leverage their diverse abilities while maintaining work-life balance. Danis shares his approach to allyship, which includes active listening, supporting teammates, and engaging with those outside typical work circles. He recommends participating in Employee Resource Groups (ERGs) and drawing out perspectives from quieter team members.