- Fiscal Q4 net sales were $1.95 billion, slightly above the $1.92 billion analyst estimate, but declined 2% year over year.
- Clorox faced lower sales volumes and additional logistics costs, alongside costs tied to its acquisition of Purell maker GOJO Industries.
- The prior-year comparison was tougher because a switch in inventory-planning software prompted some retailers to pull forward orders.
Quotes
“net sales were $1.95 billion, slightly ahead of analysts’ estimate of $1.92 billion, but down 2% from a year earlier.”