• Login
    • Join
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Formulary
    • Exclusives
    • Top Companies
    • Raw Materials
    • End-User
    • Packaging
    • Directories
    • Events
    • Jobs
    • More
  • Magazine
  • News
  • Formulary
  • Exclusives
  • Top Companies
  • Raw Materials
  • End-User
  • Packaging
  • Directories
  • Events
  • Jobs
  • Current / Back Issues
    Features
    Columns
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    Top Features
    CBD Brands Must Focus On Health Solutions

    A Post-Pandemic Pause in Home Cleaner Sales

    Hair Color Market on Vibrant Streak Inching Out of Covid-19 Pandemic

    Wellness Industry Thrives with Vitamin-Infused Beverages & Beauty-Boosting Supplements

    Skin Care Soars into 2022 with New Products for Facial Care & Body Skin Health
    Online Exclusives
    Association News
    Breaking News
    Financial News
    Industry News
    International
    Marketing News
    New Products
    News Front
    Packaging News
    Patents
    Personnel
    Regulations
    Snapshots
    Top News
    Live From Shows
    Top News
    Croda Achieves Highest Carbon Management Level in Ecovadis’ New Carbon Scorecard

    OleHenriksen’s “Big Oh Duo” Pairs New Body Skincare and Sexual Wellness Device

    Coptis Appoints Marie Renee Thadal Vice President of Sales and Operations

    Matrix Hair Care Introduces All-In-One Toning Leave-In Sprays

    Gabriel Letizia Jr. Sentenced to 60 Months in Prison for Falsifying Sunscreen Test Results
    Blog
    Online Exclusives
    Glossary
    Infographics
    Podcasts
    Whitepapers
    Videos
    Expert's Opinion
    HappiTV
    eBook
    Surveys
    International Top 30 Report
    Top 50 Report
    Top Companies
    47. State Industrial

    3. Kao

    28. Godrej

    10. JohnsonDiversey

    32. Chattem (A Division of Sanofi US)
    Actives
    Functional Ingredients
    Pigments
    Polymers
    Preservatives
    Surfactants

    Gabriel Letizia Jr. Sentenced to 60 Months in Prison for Falsifying Sunscreen Test Results

    Indie Beauty Brand i-On Skincare Releases New Skin Emulsion, AI Diagnostic Tool

    Estée Lauder Companies' New Research on Oxidative Damage, Skin Barrier Function & Hyperpigmentation

    Q10 Still Holds Promise in Cosmetics Research Says Beiersdorf

    Croda Supports 2022 IFSCC Congress with Platinum Sponsorship
    Air Care/Environmental Fragrance
    AP/Deo
    Color Cosmetics
    Disinfectants
    Fine Fragrance
    Hair Care
    Household Cleaning
    I&I Marketplace
    Laundry Care
    Oral Care
    OTC/Medicated
    Packaging
    Personal Cleansers
    Skin Care
    Sun Care
    Testing

    Croda Achieves Highest Carbon Management Level in Ecovadis’ New Carbon Scorecard

    OleHenriksen’s “Big Oh Duo” Pairs New Body Skincare and Sexual Wellness Device

    Coptis Appoints Marie Renee Thadal Vice President of Sales and Operations

    Matrix Hair Care Introduces All-In-One Toning Leave-In Sprays

    Gabriel Letizia Jr. Sentenced to 60 Months in Prison for Falsifying Sunscreen Test Results
    Lab Equipment
    Mixing
    Packaging
    Testing

    Aerosol Recycling Initiative Launched by HCPA

    Goodnest Delivers New Options for Sustainable Baby Care Needs

    Colgate-Palmolive Releases 2021 Sustainability & Social Impact Report

    Sustainable Personal Care Brand sk*p Enters Ulta Beauty Stores

    LVMH Creates Cosmetic Packages with Carbon-Negative PET
    Contract Manufacturing / Private Label Directory
    Buyer's Guide
    Add New Company
    Corporate Profiles
    International Buyers Guide Companies
    Jeen International

    KLK OLEO

    LipoTrue Inc.

    cosmopak usa

    Ashland
    Live From Shows
    Meetings
    Webinars
    Snapshots
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Formulary
    • Directories
      • Buyer's Guide
      • Contract Manufacturing / Private Label Directory
      • Corporate Profiles
      • Add Your Company
    • Raw Materials
      • Actives
      • Functional Ingredients
      • Pigments
      • Polymers
      • Preservatives
      • Surfactants
    • End-User
      • Air Care/Environmental Fragrance
      • AP/Deo
      • Color Cosmetics
      • Disinfectants
      • Fine Fragrance
      • Hair Care
      • Household Cleaning
      • I&I Marketplace
      • Laundry Care
      • Oral Care
      • OTC/Medicated
      • Packaging
      • Personal Cleansers
      • Skin Care
      • Sun Care
      • Testing
    • Packaging
      • Lab Equipment
      • Mixing
      • Packaging
      • Testing
    • Top Companies
      • International Top 30 Report
      • Top 50 Report
    • Online Exclusives
    • Glossary
    • Experts Opinion
    • Slideshows
    • HappiTV
    • Podcasts
    • Videos
    • Infographics
    • eBook
    • Blog
    • Whitepapers
    • Surveys
      • R & D Salary Survey
      • Sales & Marketing Salary Survey
    • Job Banks
    • Events
      • Industry Events
      • Live from show Events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Clorox’s Q4 Sales Fall 9%

    Fiscal year sales were up 9%, driven by higher shipments due to COVID-19 across all reportable segments.

    Related CONTENT
    • Prime Matter Labs
    • Tadbik
    • Brabender GmbH & Co. KG
    • Excellentia International
    • Natural Plant Products, LLC
    08.03.21
    The Clorox Company reported a 9% sales decrease for its fourth quarter, which ended June 30, 2021. For fiscal year 2021, the company reported sales growth of 9%, driven primarily by higher shipments due to COVID-19 across all reportable segments. Organic sales were up 9% for the year.
     
    "Fiscal year 2021 was an extraordinary year for Clorox, with the pandemic putting us through the test of volatility, including rapid changes in consumer demand and inflationary pressure, which is reflected in our fourth quarter results," said CEO Linda Rendle. "It reinforced the strength of our global portfolio, which has never been more relevant to consumers. And it showed the opportunity to accelerate our IGNITE strategy to capitalize on changing consumer trends, differentiate Clorox and win in our categories.   
     


    CEO Linda Rendle
    According to Rendle, in the face of a challenging environment, Clorox continued to advance its IGNITE strategy and key priorities, including doubling its innovation investment and delivering over $120 million in cost savings in the fiscal year. 
     
    “We made progress on expanding production capacity, achieving our highest case fill rate since the start of the pandemic, which contributed to market share gains across the vast majority of our businesses. Our investments in e-commerce, data-driven personalization and innovation are also paying off. We've nearly doubled our e-commerce business in the past two years, we're experiencing higher levels of consumer engagement and our innovation has become an increasingly meaningful contributor to top-line growth,” she said.
     
    Fourth Quarter Performance
    In the fourth quarter, sales were down 9%, with decreases in three of four reportable segments. Organic sales were down 10% for the quarter. On a two-year stack basis, Clorox generated sales growth of 13%, it said.  The sales decreases were due primarily to the deceleration of shipments from peak levels during the COVID-19 pandemic, including more rapid than expected deceleration in the Health and Wellness segment. 
     
    Fourth quarter sales were also negatively impacted by unfavorable price mix driven by supply improvements, which led to broader product assortment with the reintroduction of value packs. These factors were partially offset by one point of benefit from the July 2020 acquisition of a majority share in the company's joint venture in the Kingdom of Saudi Arabia, said the maker of Clorox bleach and cleaning products and owner of Burt’s Bees skin care.
     
    The company's fourth quarter gross margin decreased by 970 basis points to 37.1% from 46.8% in the year-ago quarter. Gross margin performance was driven by higher manufacturing and logistics costs, increased commodity costs due to significant cost inflation, decreasing sales resulting in lower manufacturing fixed-cost absorption and unfavorable price mix, partially offset by the benefits of cost savings initiatives.
     


    Clorox wipes were in high demand during the pandemic.
    Clorox says its Health and Wellness segment-which includes cleaning, professional products, vitamins, minerals and supplements, saw a 17% decrease in Q4 from the same quarter a year ago. Sales decreased in two of three businesses, primarily reflecting lower shipments of cleaning and disinfecting products in both the retail and professional channels as consumer demand decelerated. Segment sales results were also impacted by negative product mix from the normalization of supply. 
     
    Clorox’s Lifestyle unit, which includes its food, water filtration, natural personal care, reported a 3% sales decrease durn Q4. Sales decreased in two of three businesses from unfavorable price mix and lower shipments in water filtration and food from moderating consumer demand. 
     
    International sales increased 5% in the quatyer.
     
    Investments Earmarked for Fiscal 2022
    Starting in fiscal year 2022, Clorox expects to invest approximately $500 million over the next five years, including about $90 million in fiscal year 2022, in its digital capabilities and productivity enhancements. This investment will include replacing the enterprise resource planning system, which will generate efficiencies and better position the company in supply chain, digital commerce, innovation and brand building over the long term, according to Clorox.
    Related Searches
    • Skin Care
    • Household Cleaning
    • Laundry Care
    Related Knowledge Center
    • Household Cleaning
    • Skin Care
    • Laundry Care
    Suggested For You
    Prime Matter Labs Prime Matter Labs
    Tadbik Tadbik
    Brabender GmbH & Co. KG Brabender GmbH & Co. KG
    Excellentia International Excellentia International
    Natural Plant Products, LLC Natural Plant Products, LLC
    Natural Plant Products, LLC Natural Plant Products, LLC
    Consumers Trust Antimicrobial Product Claims, But Want More Evidence Consumers Trust Antimicrobial Product Claims, But Want More Evidence
    BASF Honored with 2021 Safer Choice Partner of the Year Award BASF Honored with 2021 Safer Choice Partner of the Year Award
     Reserveage Launches New Pro-Collagen Booster Skincare Collection Reserveage Launches New Pro-Collagen Booster Skincare Collection
    Unilever, L Unilever, L'Oréal, LVMH, Henkel & Natura To Create Sustainability Scoring System
    Henkel Promotes DiBernardino To Regional Head, Consumer Beauty Care North America Henkel Promotes DiBernardino To Regional Head, Consumer Beauty Care North America
    André Hoffmann Named CEO of L’Occitane Group André Hoffmann Named CEO of L’Occitane Group
    Neora Celebrates a Decade of Growth In Anti-Aging Skin Care, Hair Care & Wellness Neora Celebrates a Decade of Growth In Anti-Aging Skin Care, Hair Care & Wellness
    Kline: Glow Recipe, Prose and Ilia Beauty Are Primed to Be Billion-Dollar Buyouts Kline: Glow Recipe, Prose and Ilia Beauty Are Primed to Be Billion-Dollar Buyouts
    Authentic Beauty Concept Releases ‘Hydration Heroes’ Hair Trio Ahead of Fall, Winter Seasons Authentic Beauty Concept Releases ‘Hydration Heroes’ Hair Trio Ahead of Fall, Winter Seasons

    Related Content

    • Prime Matter Labs

      ...
      Leora Schachter, VP Marketing 05.09.22

    • Tadbik

      ...
      Carl Hart, Tadbik (Printed Labels, Shrink Sleeves and Rollstock) 05.09.22

    • Brabender GmbH & Co. KG

      ...
      Marc Gelautz, Strategic Marketing & PR Manager 04.01.22


    • Excellentia International

      Excellentia International

      ...
      Jeffrey Buco 03.24.22

    • Natural Plant Products, LLC

      ...
      Laura Cox, Marketing Consultant - Contractor 03.14.22

      Trending
      • P&G Closes HQ Due To Security Threat, Launches New Hair Care Line | HAPPI
      • L'Oréal Invests In Sparty, A Personalized Beauty Startup | HAPPI
      • P&G Debuts Natural, Sustainable Hair Care Exclusive To Costco Stores | HAPPI
      • Ulta Beauty Launches UB Media To Help Brands Reach 37 Million ‘Ultamate Rewards’ Members | HAPPI
      • Vital Proteins Rolls Out Jennifer Aniston Wellness Bars | HAPPI
      Breaking News
      • Consumer Dermatology Company Dermala Introduces Second Microbiome-Powdered Line of Products for Eczema-Prone Skin
      • Duke Cannon Supply Co. Inks Five-Year Deal As Official Grooming Partner of the Army-Navy Football Game to be Held on Dec. 10
      • Croda Achieves Highest Carbon Management Level in Ecovadis’ New Carbon Scorecard
      • OleHenriksen’s “Big Oh Duo” Pairs New Body Skincare and Sexual Wellness Device
      • Crown Laboratories Expands Aesthetics Stable with Acquisition of Med Device Company
      View Breaking News >
      CURRENT ISSUE

      May 2022

      • CBD Brands Must Focus On Health Solutions
      • Hair Color Market Remains Vibrant Post-Pandemic
      • New Skin Care Products for Facial Care & Body Skin Health
      • Vitamin-Infused Beverages & Beauty Supplements Lift Wellness
      • Laboratory Skin Care’s Hydroxysomes Dermal Delivery Platform
      • Formulating Skin Care Products with Pear Enzyme Technology
      • A Post-Pandemic Pause in Home Cleaner Sales

      Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
      You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

      • About Us
      • Privacy Policy
      • Terms And Conditions
      • Contact Us

      follow us

      Subscribe
      Nutraceuticals World

      Latest Breaking News From Nutraceuticals World

      Coca-Cola to Phase Out Honest Tea Brand by Year’s End, Citing Supply Chain Challenges
      Vitafoods Europe 2022 Attendance Returns to 2019 Level
      Beyond Raw Launches Concept X Pre-Workout Line
      Coatings World

      Latest Breaking News From Coatings World

      PPG Sets Goals to Reduce Greenhouse Gas Emissions, Unveils 2021 ESG Report
      Birla Carbon to Present Sustainable Carbon-based Solutions at PaintIndia 2022
      BTC Europe, NXTLEVVEL Biochem to Distribute Biobased & Biodegradable Solvents in Europe
      Medical Product Outsourcing

      Latest Breaking News From Medical Product Outsourcing

      Kilo Health Invests 500,000 Euros in Pulsetto
      China to Strengthen Robotic Surgical Market With Second 5-Year Plan
      First Patient Enrolled in Alucent Biomedical's Vascular Scaffolding Clinical Trial
      Contract Pharma

      Latest Breaking News From Contract Pharma

      A Clean Sweep for AES at FOYA Awards
      Lonza, IBF Partner on Drug Development, Manufacture for Portfolio Cos
      INCOG BioPharma Services Opens Biomanufacturing Facility
      Beauty Packaging

      Latest Breaking News From Beauty Packaging

      Estée Lauder Promotes Gibu Thomas to EVP, ELC Online
      HipDot Launches Girl Scout Cookie Collection
      L’Oréal Invests in Japanese Beauty Startup, Sparty
      Happi

      Latest Breaking News From Happi

      Croda Achieves Highest Carbon Management Level in Ecovadis’ New Carbon Scorecard
      OleHenriksen’s “Big Oh Duo” Pairs New Body Skincare and Sexual Wellness Device
      Crown Laboratories Expands Aesthetics Stable with Acquisition of Med Device Company
      Ink World

      Latest Breaking News From Ink World

      Weekly Recap: Zeller+Gmelin, Sun Chemical and Kornit Top This Week’s News
      Nazdar Celebrates 100 Years with a New Look
      hubergroup Chemicals Exhibits at Paint India for First Time
      Label & Narrow Web

      Latest Breaking News From Label & Narrow Web

      Rotocon wins AI Business Excellence Award
      Quad adds Landa S10P Nanographic Printing Press
      Sihl launches materials for on-demand color label printing
      Nonwovens Industry

      Latest Breaking News From Nonwovens Industry

      Thorne Relaunches Gut Health Test with Microbiome Wipe
      Thinx Names Meghan Davis as CEO
      Kimberly-Clark Reportedly Examining Sale of Latin American Tissue
      Orthopedic Design & Technology

      Latest Breaking News From Orthopedic Design & Technology

      James W. Stone Named AANA President
      Tom Hedman Named Senior Principal Scientist at Spinal Simplicity
      ODT's Most Read Stories This Week—May 21
      Printed Electronics Now

      Latest Breaking News From Printed Electronics Now

      Weekly Recap: Graphene Flagship, Japan Display and LG Display Top This Week’s Stories
      Evonik Launches New Processing Aids for PV Wafer Cutting
      NREL Creates Highest Efficiency 1-Sun Solar Cell

      Copyright © 2022 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

      AD BLOCKER DETECTED

      Our website is made possible by displaying online advertisements to our visitors.
      Please consider supporting us by disabling your ad blocker.


      FREE SUBSCRIPTION Already a subscriber? Login