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.
blog comments powered by Disqus
  • A Facial Bar Grows in Brooklyn

    A Facial Bar Grows in Brooklyn

    Christine Esposito, Associate Editor||October 24, 2016
    With three doors in Canada, Blitz Facial Bar opens its first US location in one of the hippest areas of New York.

  • Free and Clear

    Free and Clear

    Melissa Meisel, Associate Editor||October 17, 2016
    OY-L aims for zero-chemical skin care.

  • Coming Clean on a Host of Issues

    Coming Clean on a Host of Issues

    October 17, 2016
    Cleaning Products Conference is set for Nov. 9-11, 2016 in Washington DC.

  • Proof Positive

    Proof Positive

    Christine Esposito, Associate Editor||October 3, 2016
    Testing service providers enable companies to back up their claims and stay in compliance with regulations.

  • Change Is in the Air

    Change Is in the Air

    Doreen Wang, BrandZ ||October 3, 2016
    Technology is changing the personal care market

  • Skin Care of One’s Own

    Skin Care of One’s Own

    Christine Esposito, Associate Editor||October 3, 2016
    Nu Skin’s ageLOC Me—which melds the worlds of smart-phone technology, efficacious ingredients and personalization