Happi Staff05.01.20
The Clorox Company reported sales growth of 15% for its third quarter of fiscal year 2020, which ended March 31, 2020. The company delivered sales and earnings growth in all reportable segments.
"Our hearts go out to everyone who has been affected by the COVID-19 pandemic. We're privileged to be in a position to serve the public health during this time," said chair and CEO Benno Dorer. "Our commitment to doing everything we can to support consumers, healthcare facilities and communities is reflected in our strong third-quarter financial results."
Cleaning segment sales, which include laundry, homecare and professional products, were up behind double-digit shipment increases in all business units. Home care was the primary driver, while there were also significant contributions from laundry and professional products due to elevated demand for Clorox disinfecting wipes and sprays, Clorox disinfecting bleach, Clorox Healthcare germicidal wipes and other disinfecting products. Increased consumer demand also drove higher household penetration on Clorox’s retail brands.
Household segment sales increased 2% and international segment sales increased 11%
"I'm extremely proud of the strong financial results we delivered this quarter because they show how this organization responded quickly to address an unprecedented demand for our products during this public health crisis," said CFO Kevin Jacobsen.
Clorox's fiscal year sales outlook is now expected to be in the 4% to 6% growth range, driven by the impact of COVID-19.
"Our hearts go out to everyone who has been affected by the COVID-19 pandemic. We're privileged to be in a position to serve the public health during this time," said chair and CEO Benno Dorer. "Our commitment to doing everything we can to support consumers, healthcare facilities and communities is reflected in our strong third-quarter financial results."
Cleaning segment sales, which include laundry, homecare and professional products, were up behind double-digit shipment increases in all business units. Home care was the primary driver, while there were also significant contributions from laundry and professional products due to elevated demand for Clorox disinfecting wipes and sprays, Clorox disinfecting bleach, Clorox Healthcare germicidal wipes and other disinfecting products. Increased consumer demand also drove higher household penetration on Clorox’s retail brands.
Household segment sales increased 2% and international segment sales increased 11%
"I'm extremely proud of the strong financial results we delivered this quarter because they show how this organization responded quickly to address an unprecedented demand for our products during this public health crisis," said CFO Kevin Jacobsen.
Clorox's fiscal year sales outlook is now expected to be in the 4% to 6% growth range, driven by the impact of COVID-19.