Clorox increases fourth quarter earnings

Clorox Co, parent company of CloroxPro, reports fiscal-fourth-quarter earnings of US$129 million.

The Clorox Co, parent company of CloroxPro, has reported fiscal-fourth-quarter earnings of US$129 million, or $0.81 per share, up 4 per cent compared to the same quarter last year.

Clorox reported quarterly net sales of $1.8 billion, in line with the same time period one year ago.

Sales in the company’s health and wellness segment, which includes cleaning and professional products, declined 5 per cent while its household division’s sales grew 4 per cent.

Clorox’s lifestyle division saw sales rise 1% and its international division increased sales 4 per cent.

“Over this quarter and the fiscal year, we navigated through challenging operating conditions by taking pro-active steps to rebuild margin and invest in the areas of the business that would best position Clorox for long-term success. This has allowed us to report results in line with our expectations and deliver another quarter of sequential margin improvement,” said CEO, Linda Rendle.

“Looking to fiscal year 2023, the environment remains difficult, with consumer behaviors adapting to ongoing inflation as well as continued normalization in our cleaning and disinfecting portfolio. We’re addressing these challenges head-on while taking steps to keep our categories healthy and offer superior consumer value.

“Guided by our IGNITE strategy, we’re confident that, despite these headwinds, our actions will position us well to deliver profitable growth over time and build a stronger, more resilient company.”

Comment below to have your say on this story.

If you have a news story or tip-off, get in touch at info@incleanmag.com.au

Sign up to INCLEAN’s newsletter.

TAGS

Leave a comment:

Your email address will not be published. All fields are required