Clorox cuts full-year earnings guidance and updates net sales outlook
Updated
Updated · The Wall Street Journal · Apr 30
Clorox cuts full-year earnings guidance and updates net sales outlook
12 articles · Updated · The Wall Street Journal · Apr 30
The company lowered 2026 EPS guidance to $4.78-$4.98 from $5.60-$5.95 and adjusted EPS to $5.45-$5.65 after completing its Gojo acquisition on 1 April.
Clorox said about $580 million of digital and productivity investments since 2022 and acquisition-related costs drove the change, while full-year sales are now expected to fall about 6%.
Third-quarter profit rose to $187 million from $186 million, adjusted EPS beat estimates at $1.64, and sales were flat at $1.67 billion amid a challenging consumer and cost environment.
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