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An update from Clorox ( (CLX) ) is now available.
Clorox reported a 15% decrease in net sales for Q2 of fiscal year 2025, mainly due to the aftermath of an August 2023 cyberattack and previous business divestitures. Despite the sales drop, gross margins slightly increased, and diluted EPS saw significant growth due to cost savings and insurance recoveries. The company plans to fully acquire P&G’s stake in the Glad joint venture by January 2026, aligning with its strategy to drive growth through innovation and improved operational models. Clorox also updated its fiscal 2025 outlook, expecting net sales to vary slightly and gross margins to increase, supported by improved margin management and lower input costs.
More about Clorox
Clorox is a leading company in the consumer goods industry, recognized for its household and commercial cleaning products, as well as food, water filtration, and personal care items. It focuses on delivering superior value to consumers through innovation and sustainability, with a strong market presence across various product categories.
YTD Price Performance: -1.54%
Average Trading Volume: 1,119,322
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $19.64B
Find detailed analytics on CLX stock on TipRanks’ Stock Analysis page.
