The Clorox Company reported first-quarter fiscal year 2026 net sales of $1.43 billion, a decrease of 19% compared to the same period last year, primarily due to lower shipments related to its enterprise resource planning (ERP) transition. Organic sales declined 17%, mainly driven by lower volume from the ERP transition. Diluted net earnings per share fell 19% to $0.65, and adjusted EPS decreased 54% to $0.85. Gross margin declined to 41.7% from 45.8% a year ago. Year-to-date net cash provided by operations was $93 million, down 58% from $221 million in the prior year, also mainly attributed to the ERP transition. The company noted that disruptions from the ERP rollout and prior inventory build-up contributed to the results.
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