Clorox Co Del Stock Price, News & Analysis

The Clorox Company (NYSE: CLX) announced its CEO Linda Rendle and CFO Kevin Jacobsen will speak at three investor conferences in June 2021. Key dates include the RBC Capital Markets Global Consumer and Retail Virtual Conference on June 2 at 11:20 a.m. ET, the 37th Annual Bernstein Strategic Decisions Virtual Conference on the same day at 1:30 p.m. ET, and the dbAccess Global Consumer Virtual Conference on June 9 at noon ET. Live webcasts will be available on the company's website.

In its fiscal Q3 2021, Clorox (NYSE: CLX) reported flat sales and a diluted net loss of 49 cents per share, down 126% year-over-year. The loss includes a $329 million noncash impairment charge affecting the Better Health VMS business. Adjusted EPS was $1.62, marking a 14% decline. Gross margin contracted by 320 basis points to 43.5% due to rising manufacturing and logistics costs. Despite challenges, the company anticipates 10-13% sales growth for the fiscal year, driven by strong first-half results, though gross margins are expected to decrease due to elevated costs.

Burt's Bees has revealed new research on the advantages of nature-based ingredients in skincare, presented at the AAD VMX 2021 from April 23-25. Key findings include the effectiveness of bakuchiol over retinol in promoting anti-aging genes, benefits of a proprietary natural hydration complex for skin barrier and moisture, and protective properties of a blend of green tea and lotus against blue light-induced oxidative stress. This research emphasizes the brand's commitment to combining natural ingredients with scientific proof for improved skincare solutions.

Kingsford, a leading grilling brand, has launched its new 100% Hardwood Pellets made entirely from natural ingredients, devoid of fillers and preservatives. The product guarantees superior flavor with options like hickory, cherry, and maple. Kingsford stands behind its product with a money-back guarantee for unsatisfied customers until June 1, 2021. This expansion beyond charcoal reflects the brand's commitment to quality and consumer satisfaction. The pellets work with any grill, ensuring premium flavor for grilling enthusiasts.

Brita, a leader in at-home water filtration, has announced ambitious sustainability goals aimed at reducing single-use plastic waste. The company aims to eliminate 15 billion plastic water bottles in 2021 and 20 billion by 2030, alongside achieving zero plastic waste to landfills by the same year. Brita also plans to provide access to clean water for 500,000 people in vulnerable U.S. communities by 2024. Their commitment includes creating recyclable packaging and reducing environmental impacts, addressing the plastic waste crisis while supporting communities affected by climate change.

Madison Square Garden Sports and Madison Square Garden Entertainment announced a multi-year marketing partnership with The Clorox Company. Clorox will serve as the Official Cleaning & Disinfection Products Partner for the Knicks, Rangers, and Madison Square Garden Arena, providing products like electrostatic sprayers. This partnership includes significant brand integration at games and community support initiatives, including the Knicks’ Sweetwater Clifton ‘City Spirit’ Award.

On March 30, 2021, Clorox launched a new initiative featuring actor Billy Porter to promote their Scentiva product line. The campaign encourages consumers to enhance their cleaning routines through a TikTok challenge and the YAS CLEAN! Sweepstakes, offering a home makeover prize of $5,000 and a matching donation to a charity. Clorox Scentiva products, known for their pleasant scents and disinfecting capabilities, aim to transform cleaning into a self-care activity. The campaign emphasizes the mental well-being benefits of maintaining a clean living space.

The Clorox Company (NYSE: CLX) will host a live audio webcast on April 30, 2021, at 10:30 a.m. PT to discuss its third quarter fiscal year 2021 results. The event will be accessible through their investor events webpage, with a replay available afterward. Clorox, a leading manufacturer with $6.7 billion in sales for fiscal year 2020, offers well-known brands such as Clorox bleach, Pine-Sol, and Glad. The company is recognized for its commitment to sustainability and community support, contributing over $25 million in fiscal year 2020.