News & Events zu Clorox Co (CLX)CLXClorox Co

Purell Sees FY27 Inflation Above $200M

Sees FY27 inflation above $200M. Says seeing inflation across broader supply chain. Says Purell ahead of targets for Q4. Says GoJo/Purell deal was accretive in Q4. Says plans to invest in product superiority, packaging in FY27. Comments taken from Q4 earnings conference call.

Gross Margin Decreases to 41.3%

Gross margin decreased 520 basis points to 41.3% from 46.5%, primarily driven by lower volume, impact from the inventory step-up of the GOJO acquisition, higher commodity costs and higher manufacturing and logistics costs, partially offset by cost savings. The ERP-related shipment comparison and GOJO inventory step-up each reduced gross margin by about 150 basis points.

FY27 Net Sales Expected to Rise 13% to 14%

FY27 net sales are expected to be up 13% to 14% compared to the prior year, including about 9.5 points of benefit from the GOJO acquisition. FY27 consensus $7.57B. Organic sales are expected to increase about 3.5% to 4.5%, including more than 3.5 points of benefit from lapping the ERP-related drawdown in the prior fiscal year.