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Clorox (CLX)
NYSE:CLX
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$1.39Last Year’s EPS
$2.16Same Quarter Last Year
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 5.07%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Positive
The earnings call revealed strong performance in Q1, with significant market share recovery and gross margin expansion. However, challenges persist in the form of increased promotional activities and consumer behavior volatility. Despite these challenges, the company remains optimistic about its growth trajectory and strategic initiatives.Company Guidance
During the earnings call for The Clorox Company, the executives provided guidance and insights into their fiscal 2025 outlook. Key metrics highlighted include an expectation of 3% to 5% organic sales growth in the second half of the year, aligning with their long-term algorithm. The company achieved an impressive 31% organic growth in the first quarter, with 11% volume growth in international markets. Despite challenges, Clorox restored its market share to pre-cyber attack levels and achieved its eighth consecutive quarter of gross margin expansion, aiming to return to pre-pandemic gross margins by the end of the fiscal year. Promotional spending has returned to pre-COVID levels, with the company experiencing a 1% negative impact on price/mix due to increased trade spending. Additionally, Clorox projects approximately 44% to 44.5% gross margin for the year, indicating consistent performance across the quarters.Strong Q1 Performance and Market Share Recovery
Achieved overall market share recovery to pre-cyber attack levels, with growth in most categories. Delivered results above expectations, with 31% organic growth in Q1.
Gross Margin Expansion
Achieved eighth consecutive quarter of gross margin expansion. On track to return to pre-pandemic gross margins this fiscal year.
Successful Divestitures
Completed the development of VMS business and sale of Argentina business, reducing volatility and driving more consistent growth.
Strong Performance in Glad and Litter Segments
Glad returned to share growth with 0.7 point increase. Litter business recovered over 90% of subscription business, with share growth also at 0.7 points.
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CLX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CLX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $156.51 | $158.55 | +1.30% |
| Aug 01, 2024 | $131.98 | $141.77 | +7.42% |
| Apr 30, 2024 | $145.49 | $137.38 | -5.57% |
| Feb 01, 2024 | $144.45 | $152.57 | +5.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Clorox (CLX) report earnings?
Clorox (CLX) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Clorox (CLX) earnings time?
Clorox (CLX) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CLX EPS forecast?
CLX EPS forecast for the fiscal quarter 2025 (Q2) is $1.39.
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