Clorox Stock News

Leading consumer products company Clorox Co. NYSE: CLX stock surged 7.4% on a strong fiscal Q4 2024 earnings performance. The maker of personal care, cleaning, and kitchen products has been in negative normalization since its anomalous pandemic surge, peaking its shares at $239.87 in August 2020.

Stock markets cratered on the rise of interest rates in Japan. Adding insult to injury, Barclays cut price targets on Clorox, Twilio, and Atlassian this morning.

Clorox (CLX) shares jumped Friday to become the top performer in the S&P 500 after the company known for its namesake bleach and disinfectants reported better-than-expected quarterly profits the day before. Expanding gross margins and cost-reduction efforts helped the provider of consumer and professional products achieve 9% bottom-line growth from the year-ago period.

During its most recent quarter, Clorox Co.'s sales were hurt by more competition for things like trash bags and cat litter. In the household-goods maker's earnings release on Thursday, executives blamed unfriendly weather for weaker grilling-product sales.

Clorox's sales were down in its fiscal 2024, and it expects a possible decline in the coming year as well. Even with profits trending in the right direction, the stock trades at a premium valuation compared to its forward estimates.

The Clorox Company (NYSE:CLX ) Q4 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Lisah Burhan - VP, IR Linda Rendle - Chair and CEO Kevin Jacobsen - CFO Conference Call Participants Filippo Falorni - Citi Peter Grom - UBS Andrea Teixeira - JPMorgan Chris Carey - Wells Fargo Bonnie Herzog - Goldman Sachs Dara Mohsenian - Morgan Stanley Kaumil Gajrawala - Jefferies K...

Bleach maker Clorox forecast annual profit above estimates after beating fourth-quarter profit on Thursday, banking on consecutive price hikes of its home care products and easing input costs that improved margins.

Company Announces Sale of its Better Health Vitamins, Minerals and Supplements Business OAKLAND, Calif. , Aug. 1, 2024 /PRNewswire/ -- The Clorox Company (NYSE: CLX) today reported results for the fourth quarter and fiscal year 2024, which ended June 30, 2024.