Consumer goods maker Clorox Company (CLX), Thursday said its third-quarter profit inched up from last year.
Net earnings for the quarter rose to $187 million or $1.54 per share from $186 million or $1.50 per share in the prior-year period.
Revenue was largely flat at $1.670 billion compared to $1.668 billion a year ago, while organic sales declined 1%.
Adjusted earnings per share increased 13% to $1.64 from $1.45 last year, driven by cost savings, lower advertising spending, and reduced selling and administrative expenses.
Gross margin declined to 43.2% from 44.6%, primarily reflecting higher manufacturing and logistics costs as well as unfavorable product mix.
By segment, Household sales rose 3% and International sales increased 8%, while Lifestyle sales declined 9%.
Looking forward, Clorox updated its fiscal year 2026 outlook and now expects net sales to decline about 6% and adjusted earnings per share between $5.45 and $5.65.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.