Clorox Company ( (CLX) ) has released its Q3 earnings. Here is a breakdown of the information Clorox Company presented to its investors.
The Clorox Company, a leading global manufacturer and marketer of consumer and professional products, is renowned for its trusted brands such as Clorox®, Brita®, and Burt’s Bees®. Headquartered in Oakland, California, Clorox has been a pioneer in integrating Environmental, Social, and Governance (ESG) practices into its business operations.
In its third-quarter fiscal year 2025 earnings report, Clorox reported a decrease in net sales by 8% to $1.67 billion, primarily due to the divestitures of its Better Health Vitamins, Minerals, and Supplements and Argentina businesses. Despite the sales decline, the company achieved its tenth consecutive quarter of gross margin expansion, driven by cost savings and strategic divestitures.
Key financial metrics highlighted in the report include a 466% increase in diluted net earnings per share to $1.50, attributed to insurance recoveries from a cyberattack and the absence of losses from the Argentina divestiture. However, adjusted EPS fell by 15% to $1.45 due to lower net sales. Clorox maintained its market share and continued to innovate with new product launches across its brands, while achieving zero-waste-to-landfill status in its manufacturing plants.
Looking ahead, Clorox has updated its fiscal year 2025 outlook, expecting net sales to be down 1% to flat, with organic sales projected to grow 4% to 5%. The company anticipates a gross margin increase of 150 basis points, despite cost inflation and higher trade promotion spending. Clorox remains confident in its ability to navigate the challenging environment, supported by its strong brand portfolio and ongoing strategic investments.