“I’m pleased to finish fiscal year 2018 with increases in sales and earnings, another solid performance on top of strong year-ago results,” said Clorox chairman and CEO Benno Dorer. “We continue to deliver growth in a tough cost environment behind robust innovation that’s providing superior value to our consumers and helping expand our brands into more households.”
Cleaning product sales rose 3%. Segment sales growth was driven primarily by gains in home care, with another quarter of record shipments of Clorox disinfecting wipes behind strong back-to-school merchandising support and gains from the CloroxScentiva platform with the introduction of bathroom products. Segment sales were reduced by about two percentage points from the Aplicare divestiture, which caused a decline in professional product sales, according to Clorox. Excluding the Aplicare impact, the professional products business delivered strong sales growth. Pretax earnings growth was driven mainly by lower advertising and sales promotion spending, higher sales and the benefit of cost savings, partially offset by higher commodity costs.