Breaking News

Clorox Sales Flat in 3Q

November 30, -0001

The Clorox Company reported sales equal to the year-ago quarter, strong gross margin expansion and significant earnings growth for its third quarter, which ended March 31, 2009. Third-quarter sales were flat at $1.35 billion, on top of 9% sales growth in the year-ago quarter.

“I’m very happy with our performance for the quarter, especially given continued pressure on the consumer,” said chairman and chief executive officer Don Knauss. “We benefited from moderating input costs, continued strong cost savings and improved productivity. We delivered our highest year-over-year quarterly earnings growth in more than three years and our first year-over-year gross margin expansion in seven quarters. These results reflect simply outstanding execution of our strategic plans by Clorox people worldwide in an extremely challenging economic environment.”

Clorox raised its fiscal 2009 EPS outlook to 3-4% sales growth, versus its previous outlook of 3-5%. This slightly lower range reflects higher expected foreign currency losses. For fiscal 2010, Clorox’s initial financial outlook is for sales growth in the range of 1-2%.

blog comments powered by Disqus
  • Innovation On Display

    Melissa Meisel, Associate Editor||February 3, 2016
    P&G Beauty Digital Studio showcases new products for 2016

  • Crowning Glory

    Crowning Glory

    Christine Esposito , Associate Editor||February 3, 2016
    Celebrity stylists and experts from leading hair care brands talk about the ingredients and formats driving the styling sector.

  • Electric Slide

    Electric Slide

    Melissa Meisel, Associate Editor||February 3, 2016
    Skin care devices bring anti-aging to the next level