Breaking News

IT Restructuring Costs

December 5, 2006

Clorox posted a 2.8 % rise in quarterly profit, but company executives warned that annual profit could come in at the lower end of their forecast due to costs associated with an information technology restructuring program. Clorox earned $112 million in the fiscal first quarter ended September 30.
The company, which already increased prices on bleach, Tilex cleaners, Glad trash bags and other products this year to help offset higher commodity costs, said it would also raise prices on Kingsford charcoal in January.
The company, whose other products include Hidden Valley Ranch salad dressing and Brita water filters, said sales rose 5% to $1.16 billion, driven by the price increases.
Volume, which excludes price fluctuations, fell 1%. Clorox said that shipments of Glad trash bags fell due to competitive activity after Clorox raised U.S. prices on the bags by 15%, on average, in February.
The price hike on Glad trash bags was one of the largest percentage increases that Clorox has instituted since the onset of increased pressure for materials such as resins.
  • Care for Your Hair

    Care for Your Hair

    Melissa Meisel, Associate Editor||February 27, 2017
    Salon expert Richard Jay talks about protecting tresses.

  • Fit for Fitness

    Fit for Fitness

    Christine Esposito, Associate Editor||February 21, 2017
    Kinx Active is a new brand targeting women who want beauty products that can stand up to their fitness routines.

  • Cargo Says Aloha To Spring/Summer

    Cargo Says Aloha To Spring/Summer

    Christine Esposito, Associate Editor||February 13, 2017
    Cargo Cosmetics has rolled out its new Spring/Summer collection with Hawiianan singer Anuhea.

  • Trade Association Directory 2017

    February 2, 2017
    Contact details of trade associations that serve various segments of our industry and are mentioned frequently in Happi.

  • What the Halal  Is Going On?

    What the Halal Is Going On?

    Imogen Matthews , In-Cosmetics||February 2, 2017
    Demand for these beauty products is surging thanks to a fastgrowing Muslim population.

  • Relief for Sensitive Scalps

    Relief for Sensitive Scalps

    Guadalupe Pellon and Annette Mehling , BASF||February 2, 2017
    BASF researchers detail the attributes of the company’s highly effective hair care system focusing on scalp sensitivity.