Growth in 2Q
● The Clorox Company announced that strong sales growth and cost savings contributed to solid results for the company’s fiscal second quarter, which ended Dec. 31, 2005.
Second-quarter sales grew 6% to $1.06 billion. Volume grew 2%, primarily due to increased shipments of home care products, institutional products and Latin American products. Also contributing to volume growth were increased shipments of Glad trash bags and Kingsford charcoal products.
“I’m very pleased with our second-quarter performance,” said chairman and chief executive officer Jerry Johnston. “Each of our business segments delivered 6% sales growth on top of company sales growth of 9% in the year-ago quarter. We feel positive about the initial response to our recent price increases and are excited about our third-quarter product launches, including Clorox Anywhere Hard Surface sanitizing spray and Kingsford charcoal with Sure Fire Grooves. Overall, our brands are healthy and we feel confident in our ability to execute our strategies over the long term.”