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.
Hamilton Beach Brands has secured a multiyear trademark licensing agreement with The Clorox Company to introduce a range of premium air purifiers under the Clorox brand. Scheduled for launch in 2021 and 2022, these air purifiers will claim to eliminate 99.97% of allergens, addressing consumer demand amplified by health concerns. Market distribution will span the U.S., Canada, and Mexico, with prices ranging from $89.99 to $229.99. This partnership aims to enhance both companies' positions in the growing home health and wellness market, which has seen significant demand amid the Covid-19 pandemic.
Kingsford has partnered with celebrity jeweler Ben Baller to launch the Fire Drops, a limited-edition grill and kit designed to inspire grilling among younger generations. This collaboration features a custom Everdure Cube grill, complete with a gold design and an integrated storage tray. Available exclusively via the NTWRK app starting June 10, 2021, for $695, the package includes Kingsford charcoal and curated recipes. This initiative aims to encourage culinary exploration and creativity in grilling.
The Clorox Company (NYSE: CLX) has announced a 5% increase in its quarterly dividend, raising it from $1.11 to $1.16 per share. This dividend is set to be paid on August 13, 2021, to stockholders who are recorded by July 28, 2021. Clorox maintains a strong dividend history, having increased it for nearly 20 consecutive years and paid an annual dividend for more than 50 years. With fiscal year 2020 sales of $6.7 billion, the company continues to provide value to its shareholders through reliable dividends.
Glad is partnering with Recyclops to enhance recycling access for over 100,000 households without current recycling options. The collaboration aims to address the 38% of U.S. homes lacking recycling pickups by utilizing Recyclops’ gig-economy model and smart-routing app. The initiative expands Glad's sustainability efforts, with targets such as 50% reduction in virgin plastic and 100% renewable electricity in North America by 2030. The partnership promises to reach 1,000 cities within three years.
Pine-Sol has launched a limited-edition collectible sneaker called the Pine-Sole, designed by Vashtie Kola. This initiative aims to support Black women entrepreneurs through a partnership with digitalundivided. Sold exclusively at the new Pine-Store, all proceeds will be donated to support programs for Black women entrepreneurs. The sneaker reflects the nostalgic elements of Kola's youth while leveraging Pine-Sol's branding. The Clorox Company, which markets Pine-Sol, reported fiscal year 2020 sales of $6.7 billion, emphasizing its commitment to community support.
Kingsford has announced a partnership with Everdure by Heston Blumenthal, enhancing its branding in the grilling market. This collaboration aims to combine Kingsford's legacy in charcoal with Everdure's innovative grill designs. The brands seek to inspire a new generation of grillers, promoting unique flavors and outdoor cooking experiences. The marketing director of Kingsford expressed excitement about merging products to enhance grilling performance, while Everdure's representative highlighted the importance of charcoal in outdoor cooking. This partnership is expected to yield innovative results.
The Clorox Company (NYSE: CLX) announced its CEO Linda Rendle and CFO Kevin Jacobsen will speak at three investor conferences in June 2021. Key dates include the RBC Capital Markets Global Consumer and Retail Virtual Conference on June 2 at 11:20 a.m. ET, the 37th Annual Bernstein Strategic Decisions Virtual Conference on the same day at 1:30 p.m. ET, and the dbAccess Global Consumer Virtual Conference on June 9 at noon ET. Live webcasts will be available on the company's website.
In its fiscal Q3 2021, Clorox (NYSE: CLX) reported flat sales and a diluted net loss of 49 cents per share, down 126% year-over-year. The loss includes a $329 million noncash impairment charge affecting the Better Health VMS business. Adjusted EPS was $1.62, marking a 14% decline. Gross margin contracted by 320 basis points to 43.5% due to rising manufacturing and logistics costs. Despite challenges, the company anticipates 10-13% sales growth for the fiscal year, driven by strong first-half results, though gross margins are expected to decrease due to elevated costs.
Burt's Bees has revealed new research on the advantages of nature-based ingredients in skincare, presented at the AAD VMX 2021 from April 23-25. Key findings include the effectiveness of bakuchiol over retinol in promoting anti-aging genes, benefits of a proprietary natural hydration complex for skin barrier and moisture, and protective properties of a blend of green tea and lotus against blue light-induced oxidative stress. This research emphasizes the brand's commitment to combining natural ingredients with scientific proof for improved skincare solutions.
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