Clorox Company - CLX STOCK NEWS

Burt's Bees has launched a $2 million, three-year partnership called SheKeeper with USAID and its shea suppliers to enhance the economic conditions of shea producers in West Africa. This initiative aims to empower over 16 million women in the shea industry, enabling at least 600 women to acquire new skills and create job opportunities. By fostering beekeeping and increasing exports from Ghana, SheKeeper supports the livelihoods of smallholders and promotes gender equality. The program aligns with Burt's Bees' commitment to sustainability and aims to impact 50,000 people by 2025.

The Clorox Company (NYSE: CLX) will release its first-quarter fiscal year 2022 results on November 1, 2021. Key timings include a press release at 1:15 p.m. PT and a live Q&A webcast at 2:30 p.m. PT with CEO Linda Rendle and CFO Kevin Jacobsen. Clorox, a leading consumer and professional products manufacturer, reported fiscal year 2021 sales of $7.3 billion with over 80% of sales from brands holding top market positions. For more details, visit their website.

The Clorox Company (NYSE: CLX) has been awarded the 2021 Safer Choice Partner of the Year for its commitment to producing safer products. This marks the fourth time Clorox has received this recognition. Currently, 27 Clorox products meet the Safer Choice criteria, up from 19 in 2018. The company's ESG goals include improving health, combating climate change, and supporting communities. With $7.3 billion in fiscal year 2021 sales, Clorox is focused on maintaining its status as a leader in creating environmentally friendly products.

The Clorox Company (NYSE: CLX) has declared a quarterly dividend of $1.16 per share, payable on November 10, 2021, to stockholders of record by the close of business on October 27, 2021. With nearly 20 years of consecutive dividend increases, Clorox has sustained its commitment to delivering shareholder value. The company reported a fiscal year 2021 revenue of $7.3 billion, with over 80% of its sales coming from products that hold the No. 1 or No. 2 market share in their respective categories.

Hidden Valley Ranch launches new Halloween treats with the official Hidden Valley Ranch Costume and Halloween Treat Size Packets, available from September 13, 2021. The costume costs $40 and pairs well with a $35 pizza costume, appealing to fans of ranch and pizza. The Halloween Treat Size Packets are priced at $20. These items enhance Halloween celebrations and reflect the brand's commitment to its fan base. Clorox, the parent company, reported fiscal year 2021 sales of $7.3 billion and emphasizes its leadership in consumer products, including Hidden Valley Ranch.

On September 8, 2021, Clorox announced a $1,000,000 donation to DonorsChoose to support teachers in need of classroom supplies. A survey revealed that 70% of teachers lacked necessary supplies, with 82% predicting increased personal spending this year. Additionally, Clorox provided $100,000 and disinfecting wipes to Atlanta Public Schools. NBA star Donovan Mitchell emphasized the importance of teacher support, while Clorox's Tad Kittredge highlighted the company's commitment to enhancing classroom environments. The initiative aims to alleviate educators' financial burdens and promote safe learning spaces.

The Clorox Company (NYSE:CLX) announced ambitious science-based targets (SBTs) to achieve net zero emissions by 2050, aligning with the Paris Agreement. The company aims for a 50% reduction in carbon emissions for Scopes 1 and 2 by 2030 and a 25% reduction in Scope 3 emissions against a 2020 baseline. These goals support Clorox's IGNITE strategy, which focuses on health, environmental sustainability, and community investment. Clorox has committed to using 100% renewable electricity in U.S. and Canada operations and reducing its packaging carbon footprint.

The Clorox Company (CLX) reported a 9% sales decrease and a 68% decrease in diluted EPS for Q4 2021, with a gross margin contraction of 970 basis points to 37.1%. For FY 2021, sales grew by 9% but diluted EPS fell 24% to $5.58. The fourth-quarter results were impacted by reduced consumer demand following COVID-19 peaks. Despite these challenges, Clorox aims to enhance its operational execution and rebuild margins, projecting a 2% to 6% decrease in sales and a diluted EPS between $5.05 and $5.35 for FY 2022, while investing $500 million in digital capabilities.