
Clorox reported its second-quarter earnings, posting adjusted earnings per share of $1.55, surpassing analysts' expectations of $1.41. The company's net sales decreased by 15% to $1.69 billion, compared to a 16% increase in the same quarter last year. This decline was attributed to the impact of retail inventory restoration following a cyberattack in August 2023 and the divestitures of the company's VMS segment. Despite the drop in sales, Clorox raised its fiscal year 2025 earnings per share guidance from a range of $6.65-$6.90 to $6.95-$7.35, exceeding the previous estimate of $6.84. The company's revenue guidance for the fiscal year remains unchanged, projecting a decline of 1% to an increase of 2%. Following the earnings announcement, Clorox's stock rose by 2% in after-hours trading.
$CLX The Clorox Company Raises FY25 EPS From $6.65-$6.90 To $6.95-$7.35 Vs $6.84 Est. Net Sales To Be Down 1% To Up 2% https://t.co/rhJTHIcpdy
$CLX Clorox Q2 Adj $1.55 Beats $1.41 Estimat Sales $1.69B Beat $1.63B Estimate
Clorox beats by $0.15, beats on revs; raises FY25 EPS above consensus, revs in-line $clx