Consumer products company Clorox Co. (CLX) posted slightly higher net earnings of $133 million for the third quarter, versus $132 million reported a year back, while quarterly per-share earnings edged down to $1.00, from $1.01 last year. On average, 17 analysts polled by Thomson Reuters expected earnings per share of $1.06 for the quarter. Analysts' estimates typically exclude one-time items.
Net sales remained almost flat at $1.41 billion in the recent quarter, while 13 analysts estimated revenues of $1.44 billion for the quarter. Volume for the third quarter of fiscal 2013 was flat.
In addition to a challenging year-on-year comparison, the U.S. had the coldest March weather in over 10 years, which led to double-digit volume and sales declines in Charcoal business. Moreover, declining currencies in Argentina and Venezuela also affected its sales results. Excluding the impact of these headwinds, total company sales grew 3 percent, with solid increases in most of the company's U.S. businesses and growth in most of its International business.
For fiscal 2014, Clorox sees sales growth in the range of 2 percent to 4 percent, reflecting a negative impact of 1 percentage point from foreign currency declines in Argentina and other countries. Also, the sales outlook reflects continued product innovation and demand-building programs across the company's brands.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.