Stock Track | Clorox Plunges 5.64% in Pre-Market After Slashing Profit Outlook on Weak Demand and Soaring Costs

Stock Track

May 01

Shares of Clorox Co. plummeted 5.64% in pre-market trading on Friday. The sharp decline followed the cleaning products maker's release of its third-quarter financial results and a significant downward revision to its full-year guidance.

The company lowered its fiscal 2026 adjusted earnings per share forecast to a range of $5.45 to $5.65, down from its previous outlook of $5.95 to $6.30. Clorox cited multiple headwinds for the cut, including weaker demand for its products as consumers reduce discretionary spending, and significantly higher energy, fuel, and freight costs linked to the U.S.-Israeli war on Iran.

Additionally, integration costs related to its recent acquisition of GOJO Industries, the maker of Purell, are pressuring margins. The company also expects its annual gross margin to decline by 250 to 300 basis points. Following the guidance cut, analysts at JP Morgan reduced their price target on Clorox stock to $95 from $99.

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The sharp decline followed the cleaning products maker's release of its third-quarter financial results and a significant downward revision to its full-year guidance.</p><p>The company lowered its fiscal 2026 adjusted earnings per share forecast to a range of $5.45 to $5.65, down from its previous outlook of $5.95 to $6.30. Clorox cited multiple headwinds for the cut, including weaker demand for its products as consumers reduce discretionary spending, and significantly higher energy, fuel, and freight costs linked to the U.S.-Israeli war on Iran.</p><p>Additionally, integration costs related to its recent acquisition of GOJO Industries, the maker of Purell, are pressuring margins. The company also expects its annual gross margin to decline by 250 to 300 basis points. Following the guidance cut, analysts at JP Morgan reduced their price target on Clorox stock to $95 from $99.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Clorox Plunges 5.64% in Pre-Market After Slashing Profit Outlook on Weak Demand and Soaring Costs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Clorox Plunges 5.64% in Pre-Market After Slashing Profit Outlook on Weak Demand and Soaring Costs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-05-01 16:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Clorox Co. plummeted 5.64% in pre-market trading on Friday. The sharp decline followed the cleaning products maker's release of its third-quarter financial results and a significant downward revision to its full-year guidance.</p><p>The company lowered its fiscal 2026 adjusted earnings per share forecast to a range of $5.45 to $5.65, down from its previous outlook of $5.95 to $6.30. Clorox cited multiple headwinds for the cut, including weaker demand for its products as consumers reduce discretionary spending, and significantly higher energy, fuel, and freight costs linked to the U.S.-Israeli war on Iran.</p><p>Additionally, integration costs related to its recent acquisition of GOJO Industries, the maker of Purell, are pressuring margins. The company also expects its annual gross margin to decline by 250 to 300 basis points. Following the guidance cut, analysts at JP Morgan reduced their price target on Clorox stock to $95 from $99.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CLX","symbol_name":"高乐氏","start_time":0,"source_url":"","article_id":"1199925169","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1199925169","pubTimestamp":1777625596,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Clorox Co. plummeted 5.64% in pre-market trading on Friday. 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