Clorox Co

Clorox Co (CLX) News & Events

$87.090

+0.897 (+1.03%)At close

CLX News

CLX Events

8/3 18:00

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.

8/3 17:00

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.

8/3 16:30

FY27 Gross Margin Expected to be About 42%

FY27 gross margin is expected to be about 42%, reflecting higher-than-normal inflationary headwinds and negative mix more than offsetting the benefits from cost savings. This includes about 20 basis points of negative impact primarily related to the GOJO inventory step-up. The company's effective tax rate is expected to be about 23%.

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