Clorox Co Del Stock Price, News & Analysis

Clorox's Glad brand is making significant strides in sustainability, as highlighted by Chris Nielsen, director of innovation and sustainability. Glad has integrated sustainability into its core operations, focusing on reducing plastic waste and improving recycling solutions. Key achievements include:

1. Glad drawstring trash bags use less plastic than competitors, potentially saving 100 million pounds of plastic waste annually if widely adopted.
2. 100% renewable energy used in North American manufacturing plants.
3. 99% recyclable packaging materials.
4. Partnership with Recyclops to improve recycling access.

These initiatives align with Clorox's IGNITE strategy, which integrates environmental, social, and governance goals into the company's overall business approach.

CloroxPro has introduced Clorox EcoClean Disinfecting Wipes, expanding its eco-conscious product line. These Design for the Environment (DfE)-certified wipes are made with a 100% plant-based substrate and naturally-derived citric acid active ingredient. They kill 99.9% of germs without bleach, ammonia, or alcohol, and use 38% less plastic. The wipes are effective against cold and flu viruses, norovirus, and COVID-19.

This launch responds to increasing demand for eco-friendly cleaners in facilities. The Clorox EcoClean portfolio now includes disinfecting wipes, disinfecting cleaner, all-purpose cleaner, and glass cleaner. All products use 25% post-consumer recycled plastic packaging and can help facilities meet sustainability goals, including LEED and ISSA CIMS - Green Building requirements.

Clorox (NYSE: CLX) reported Q4 and FY24 results, announcing a 6% decrease in Q4 net sales to $1.9 billion and a 4% decrease in FY24 net sales. Despite this, the company saw gross margin expansion and double-digit adjusted EPS growth. Clorox also announced the sale of its Better Health Vitamins, Minerals and Supplements business to Piping Rock Health Products,

Key Q4 highlights include:

• Diluted EPS increased 22% to $1.73
• Adjusted EPS rose 9% to $1.82
• Gross margin improved by 380 basis points to 46.5%

For FY25, Clorox expects:

• Net sales to be flat to down 2%
• Organic sales growth of 3% to 5%
• Adjusted EPS between $6.55 and $6.80, a 6% to 10% increase

Clorox (NYSE: CLX) has announced an increase in its quarterly dividend from $1.20 to $1.22 per share on the company's common stock. The dividend is payable on August 30, 2024, to shareholders of record as of the close of business on August 14, 2024. This move underscores Clorox's commitment to providing value to its shareholders through regular dividend payments and annual increases. The dividend hike, although modest, demonstrates the company's confidence in its financial stability and long-term growth prospects.

Glad, a leading household waste solutions brand, has partnered with T-Boz from TLC to promote its new Glad ForceFlex Scented Trash Bags campaign. The collaboration focuses on 'scent-stalgia', highlighting how scents can evoke nostalgic memories. The campaign features the 'Glad Girl Group', showcasing '90s-inspired dance moves and fashion to make cleaning more enjoyable.

T-Boz has joined TikTok to support the partnership. From July 22 to August 7, consumers can participate in a sweepstakes for a chance to win a trip to see TLC and Shaggy in concert, along with custom merchandise. The campaign aims to connect with consumers through the power of scent and '90s nostalgia, leveraging T-Boz's iconic status and choreography skills.

The Clorox Company's Glad plant in Rogers, Arkansas, was hit by a tornado in late May, causing significant damage. Plant leaders and employees quickly responded to ensure safety and restore operations. Key actions included:

1. Evacuating over 100 employees to tornado shelters
2. Assessing and mitigating immediate risks (e.g., shutting off gas and electricity)
3. Cleaning up debris and water damage
4. Repairing the building structure
5. Restoring IT infrastructure

Despite challenging conditions, dedicated teams worked long hours to get the plant operational just two days after the tornado hit. The rapid response and collaborative effort demonstrated the resilience and commitment of Clorox employees in the face of adversity.

On July 11, 2024, Clorox (NYSE: CLX) announced it will release its fourth-quarter and fiscal year 2024 results on August 1, 2024. The timeline for the release is as follows: the press release and prepared management remarks will be posted on the company's website at 1:15 p.m. PT / 4:15 p.m. ET, and a live Q&A audio webcast for analysts with Chair and CEO Linda Rendle and CFO Kevin Jacobsen will follow at 2 p.m. PT / 5 p.m. ET. Links to the webcast, press release, and prepared remarks are available on the Clorox quarterly results page.

The Clorox Company has received multiple accolades for its commitment to ESG (Environmental, Social, and Governance) excellence. Clorox was named among Parity.Org's Best Companies for Equal Advancement Opportunity, highlighting its efforts toward diversity and inclusion. Additionally, U.S. News & World Report listed Clorox as one of the Best Companies to Work For in 2024-25, recognizing its policies on flexibility, well-being, and personal growth.

The company was also honored on the USA TODAY and Statista 2024 list of America's Climate Leaders for the second consecutive year, underscoring its sustainability practices. Furthermore, the Burt's Bees SheKeeper program received Boston College Center for Corporate Citizenship's 2024 Innovation Amplifier Award for its transformative impact on natural ingredient supply chains and women's economic empowerment in West Africa.

These recognitions demonstrate Clorox's dedication to fostering a diverse, inclusive, and sustainable workplace while advancing its long-term business success.

Kingsford has announced that former NFL player Jason Kelce joins their team as the new 'King of the Grill.' Kelce, who recently retired, is transitioning from football to grilling, continuing the tradition started by his father. He is set to learn the art of slow grilling under the mentorship of Vince Wilfork, another NFL retiree who partnered with Kingsford in 2017. The collaboration aims to promote the joy of grilling and quality moments with loved ones.

Throughout the summer, Kelce's grilling journey will be shared on Kingsford's website and social media channels, featuring exclusive recipes and friendly competitions. Wilfork emphasizes that Kingsford is the choice for both novices and experts in barbecuing.