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.
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.
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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.