Welcome to our dedicated page for Clorox Co Del news (Ticker: CLX), a resource for investors and traders seeking the latest updates and insights on Clorox Co Del stock.
The Clorox Company reports news on a broad consumer-products portfolio spanning cleaning supplies, laundry care, trash bags, cat litter, charcoal, food dressings, water filtration and personal care. Company updates commonly cover quarterly results, outlook revisions, margin drivers, cost savings, manufacturing and logistics costs, and portfolio investment across brands such as Clorox, Glad, Pine-Sol, Fresh Step, Kingsford, Hidden Valley, Brita and Burt's Bees.
Clorox news also includes product launches and brand extensions, including Hidden Valley Ranch foods and seasonings, Burt's Bees personal-care products, Kingsford grilling products and household cleaning innovations. Corporate updates cover dividends, board and governance matters, and completed portfolio actions such as the GOJO Industries acquisition, which added Purell and health and hygiene solutions.
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The Clorox Company announced its involvement in the launch of the U.S. Plastics Pact's "Roadmap to 2025" aimed at achieving a circular economy for plastics by 2025. The Roadmap outlines specific actions and targets, including eliminating problematic packaging, ensuring all plastic packaging is reusable or recyclable, and achieving 50% recycling or composting rates. Clorox aims to meet these targets through its IGNITE corporate strategy and commits to reducing virgin plastic by 50% by 2030. The initiative emphasizes collaboration across the value chain to drive systemic change in the plastics industry.
Hamilton Beach Brands has secured a multiyear trademark licensing agreement with The Clorox Company to introduce a range of premium air purifiers under the Clorox brand. Scheduled for launch in 2021 and 2022, these air purifiers will claim to eliminate 99.97% of allergens, addressing consumer demand amplified by health concerns. Market distribution will span the U.S., Canada, and Mexico, with prices ranging from $89.99 to $229.99. This partnership aims to enhance both companies' positions in the growing home health and wellness market, which has seen significant demand amid the Covid-19 pandemic.
Kingsford has partnered with celebrity jeweler Ben Baller to launch the Fire Drops, a limited-edition grill and kit designed to inspire grilling among younger generations. This collaboration features a custom Everdure Cube grill, complete with a gold design and an integrated storage tray. Available exclusively via the NTWRK app starting June 10, 2021, for $695, the package includes Kingsford charcoal and curated recipes. This initiative aims to encourage culinary exploration and creativity in grilling.
The Clorox Company (NYSE: CLX) has announced a 5% increase in its quarterly dividend, raising it from $1.11 to $1.16 per share. This dividend is set to be paid on August 13, 2021, to stockholders who are recorded by July 28, 2021. Clorox maintains a strong dividend history, having increased it for nearly 20 consecutive years and paid an annual dividend for more than 50 years. With fiscal year 2020 sales of $6.7 billion, the company continues to provide value to its shareholders through reliable dividends.
Glad is partnering with Recyclops to enhance recycling access for over 100,000 households without current recycling options. The collaboration aims to address the 38% of U.S. homes lacking recycling pickups by utilizing Recyclops’ gig-economy model and smart-routing app. The initiative expands Glad's sustainability efforts, with targets such as 50% reduction in virgin plastic and 100% renewable electricity in North America by 2030. The partnership promises to reach 1,000 cities within three years.
Pine-Sol has launched a limited-edition collectible sneaker called the Pine-Sole, designed by Vashtie Kola. This initiative aims to support Black women entrepreneurs through a partnership with digitalundivided. Sold exclusively at the new Pine-Store, all proceeds will be donated to support programs for Black women entrepreneurs. The sneaker reflects the nostalgic elements of Kola's youth while leveraging Pine-Sol's branding. The Clorox Company, which markets Pine-Sol, reported fiscal year 2020 sales of $6.7 billion, emphasizing its commitment to community support.
Kingsford has announced a partnership with Everdure by Heston Blumenthal, enhancing its branding in the grilling market. This collaboration aims to combine Kingsford's legacy in charcoal with Everdure's innovative grill designs. The brands seek to inspire a new generation of grillers, promoting unique flavors and outdoor cooking experiences. The marketing director of Kingsford expressed excitement about merging products to enhance grilling performance, while Everdure's representative highlighted the importance of charcoal in outdoor cooking. This partnership is expected to yield innovative results.
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.