Clorox Reports Strong Q1 Earnings; Garcia Named CEO Successor
1 report, 1 independent
Updated Tue 00:00
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What happened
Clorox reported first-quarter revenue of $1.91 billion, surpassing the analyst estimate of $1.88 billion, and achieved $1.55 EPS, which was higher than the consensus estimate of $1.07. Separately, Garcia was named the successor to the CEO position at Clorox.
From themarketsdaily.com
Why it matters
The company raised its fiscal 2027 input-cost inflation estimate to $240 million, driven by costs related to resin, commodities, and transportation. Management anticipates margin pressure in the first half of the year, while projecting flat to up 1% organic sales growth excluding the benefit of an ERP transition.
From themarketsdaily.com