OAKLAND, Calif., Nov. 1, 2024 /PRNewswire/ -- The Clorox Company (NYSE: CLX) announced today a strategic partnership with Manufacture 2030, or M2030, to help Clorox's suppliers meet their carbon reduction targets and advance the company's long-term goal of reaching net-zero emissions by 2050.M2030 is designed to help suppliers measure, manage and reduce carbon emissions. The new partnership aims to advance decarbonization throughout Clorox's value chain through the collection of emissions data, jointly iden ...

Shares of The Clorox Company (CLX) climbed 3.1% in the after-market trading session on Oct. 30 following its first-quarter fiscal 2025 results. The improvement was driven by positive sentiment around the company’s recovery from the cyberattack-related headwinds in the prior year. The results also reflect the previous divestiture of the Argentina business.The company’s sales and earnings per share (EPS) surpassed the Zacks Consensus Estimate and improved year over year. Backed by the strong results, CLX rais ...

Financial Data and Key Metrics Changes - The company reported a strong start to fiscal Q1 2025 with a 31% organic growth, although Q2 is expected to decline in the low-teens due to volume pull-forward from Q1 [24][25] - Gross margin expanded for the eighth consecutive quarter, achieving approximately 46% in Q1, but is projected to decrease to around 43% in Q2 due to seasonal factors and volume deleveraging [30][52][75] Business Line Data and Key Metrics Changes - The VMS business was fully developed during the quarter, marking a significant milestone in the company's portfolio evolution [9] - The Glad business saw a recovery with a 0.7 share point growth in Q1, supported by strong merchandising plans [34] - The Litter business also grew by 0.7 share points in Q1, with a focus on restoring subscription services and promotional support [38][36] Market Data and Key Metrics Changes - The company has fully restored its overall market share to pre-cyberattack levels and experienced growth in most categories [7][14] - Private label shares have not significantly increased, indicating that the company is maintaining its competitive position against private label products [15][50] Company Strategy and Development Direction - The company is focused on delivering superior value to consumers while investing in brand innovation to drive consistent and profitable growth [10][11] - The strategy includes a commitment to rebuild margins and return to pre-pandemic gross margins while navigating an uncertain macro environment [8][10] Management's Comments on Operating Environment and Future Outlook - Management noted that the consumer environment remains under pressure, with consumers seeking value and making purchasing decisions based on promotions [10][46] - The company expects to continue growing market share, albeit at a slower pace due to the current lap period following the cyberattack [17] Other Important Information - The company has divested its Argentina business, which is expected to reduce volatility and support more consistent growth [9][88] - The promotional environment has returned to pre-COVID levels, with some categories experiencing higher promotional levels than others [19][20] Q&A Session Summary Question: Market share restoration and future growth - Management confirmed that overall market share has been restored to pre-cyber levels and expects continued growth, albeit at a smaller scale due to the current lap period [14][17] Question: Sales guidance and organic growth expectations - The company adjusted Q2 expectations to a low-teens decline but anticipates 3% to 5% growth in the back half of the year, supported by strong demand plans and innovation [25][26][28] Question: Gross margin performance and expectations - The gross margin in Q1 was driven by better cost absorption, but a decline is expected in Q2 due to seasonal factors [30][41] Question: Category consumption and pricing strategy - Management indicated that the consumer environment is as expected, with low single-digit growth and a focus on value-seeking behaviors [46][49] Question: Inventory positions and consumption trends - The company reported normalized inventory levels and no significant changes in consumer pantry stock [81][83] Question: ERP implementation learnings - The Canadian ERP implementation was successful, and the U.S. implementation is planned for the end of the fiscal year, with preparations underway [96] Question: Promotional strategy for Litter - The company is using strategic promotions to regain consumer loyalty in the Litter category, focusing on brand messaging and innovation [63][99]

For the quarter ended September 2024, Clorox (CLX) reported revenue of $1.76 billion, up 27.1% over the same period last year. EPS came in at $1.86, compared to $0.49 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.63 billion, representing a surprise of +8.13%. The company delivered an EPS surprise of +36.76%, with the consensus EPS estimate being $1.36. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...

Clorox (CLX) came out with quarterly earnings of $1.86 per share, beating the Zacks Consensus Estimate of $1.36 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 36.76%. A quarter ago, it was expected that this consumer products maker would post earnings of $1.54 per share when it actually produced earnings of $1.82, delivering a surprise of 18.18%.Over the last four quarters, the co ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-07151 THE CLOROX COMPANY (Exact name of registrant as specified in its charter) Delaware 31-0595760 (State or other jurisdic ...

PRESS RELEASE Clorox Reports Q1 Fiscal Year 2025 Results, Updates Outlook OAKLAND, Calif., Oct. 30, 2024 — The Clorox Company (NYSE: CLX) today reported results for the first quarter of fiscal year 2025, which ended Sep. 30, 2024. First-Quarter Fiscal Year 2025 Summary Following is a summary of key results for the first quarter, which reflect the lapping of the impacts of the August 2023 cyberattack and include the company's Better Health Vitamins, Minerals and Supplements (VMS) business through its sale da ...

Wall Street analysts forecast that Clorox (CLX) will report quarterly earnings of $1.36 per share in its upcoming release, pointing to a year-over-year increase of 177.6%. It is anticipated that revenues will amount to $1.63 billion, exhibiting an increase of 17.6% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed thei ...

The Clorox Company (CLX) is likely to register increases in the bottom and top lines when it reports first-quarter fiscal 2025 results on Oct. 30, 2024, after market close.The Zacks Consensus Estimate for revenues is pegged at $1.63 billion, indicating a rise of 17.6% from the prior-year quarter’s  figure. The consensus mark for quarterly earnings has risen by a penny in the past 30 days to $1.36 per share. The consensus mark indicates a sharp increase from earnings of 49 cents per share reported in the pri ...

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