Welcome to our dedicated page for Clorox Company news (Ticker: CLX), a resource for investors and traders seeking the latest updates and insights on Clorox Company stock.
The Clorox Company (NYSE: CLX) is a globally recognized brand with a diverse portfolio of products that have become household names. Headquartered in Oakland, California since 1913, Clorox is renowned for its commitment to championing everyday wellness and sustainability. The company manufactures and markets cleaning supplies, laundry care products, trash bags, cat litter, charcoal, food dressings, water filtration solutions, and natural personal care products across more than 100 countries.
Clorox holds a significant market share with iconic brands such as Clorox® bleach and cleaning products, Ayudín® and Poett® home care products, Pine-Sol® dilutable cleaner, Fresh Step® cat litter, Kingsford® charcoal, Hidden Valley® and K C Masterpiece® dressings and sauces, Brita® water filtration products, Glad® bags, wraps, and containers, and Burt's Bees® natural personal care products. The company’s products are manufactured in over two dozen countries and marketed internationally.
Recently, Clorox has focused on operational recovery and growth despite challenges, such as a cyberattack in August 2023. The company reported strong recovery and rebuilding efforts, reflecting in its second and third-quarter fiscal results for 2024. Additionally, Clorox continues to innovate and invest in sustainability, achieving milestones like zero-waste-to-landfill status for its plants in Asia and the Middle East.
Strategic moves include divesting its Argentina operations to focus on core businesses, supporting its IGNITE strategy. Clorox’s financial outlook remains robust, with ongoing investments in digital capabilities and productivity enhancements expected to yield significant cost savings and operational efficiencies.
Clorox’s dedication to ESG (Environmental, Social, and Governance) principles has earned it top rankings in sustainability lists. The company remains committed to driving profitable growth while making a positive impact on the environment and society.
Kingsford has announced a collaboration with artist Joshua Vides for the limited-edition Kingsford® x Reality to Idea Fire Drops grill. Following a successful previous launch with celebrity jeweler Ben Baller, this new grill, featuring Vides’ graffiti style, includes a custom Everdure Cube™ grill kit. Available on November 16, 2021, at 2:30 PM PST for $495, it comprises essential grilling items and is aimed at attracting a younger audience. The company expresses enthusiasm for blending art and culinary experiences.
The Clorox Company (NYSE: CLX) reported a 6% decline in net sales to $1.8 billion for Q1 FY2022, contrasting sharply with a 27% increase a year ago. Diluted EPS fell 65% to $1.14, primarily due to lower gross margin and a prior-year gain. Gross margin decreased 1090 basis points to 37%, affected by increased costs. While the company anticipates continued inflationary pressures, it confirmed its FY2022 outlook with projected net sales declines of 2% to 6% and adjusted EPS between $5.40 and $5.70.
The Clorox Company (NYSE: CLX) will have CEO Linda Rendle and CFO Kevin Jacobsen participate in a fireside chat at the Bernstein Operational Decisions Conference on November 3, starting at 11 a.m. ET. This event will be accessible via a live webcast, with replays available afterward. Clorox, a leading manufacturer of consumer and professional products, reported sales of $7.3 billion in fiscal year 2021, employing around 9,000 people globally. The company is recognized for its sustainability efforts and community contributions, totaling approximately $20 million in 2021.
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.
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