Clorox Company (NYSE:CLX) released its third-quarter results after Monday's closing bell. Here's a look at the key figures from the report.
The Details: Clorox reported quarterly earnings of $1.45 per share, which missed the analyst consensus estimate of $1.57. Quarterly revenue came in at $1.67 billion, which missed the analyst consensus estimate of $1.73 billion and is down from revenue of $1.81 billion from the same period last year.
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The company reported gross margin increased 240 basis points to 44.6% from 42.2% in the year-ago quarter, primarily driven by cost savings and the benefits from the divestitures of the VMS and Argentina businesses.
“In the third quarter, heightened macroeconomic uncertainties drove changes in shopping behaviors, resulting in temporary category slowdowns and lower sales. We expect these slowdowns to persist in the fourth quarter, as reflected in our updated outlook,” said CEO Linda Rendle.
Outlook: Clorox affirmed its fiscal 2025 adjusted EPS guidance of $6.95 to $7.35 per share, versus the $7.12 analyst estimate. The company narrowed its fiscal year revenue outlook from a range of $7.02 billion to $7.24 billion to a range of $7.02 billion to $7.09 billion, below the $7.1 billion estimate.
CLX Price Action: According to data from Benzinga Pro, Clorox stock was down 4.06% after-hours at $132.77 on Monday.
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