Sponsored Links

Clorox sales miss forecasts as it sells fewer items

Thu Aug 1, 2013 8:59am EDT

Aug 1 (Reuters) - Clorox Co, best known for its namesake bleach, posted a higher quarterly profit on Thursday, aided by cost cuts and price increases that helped it mitigate declines in its home care and charcoal businesses and soft sales internationally.

Clorox earned $183 million, or $1.37 per share, in the fiscal fourth quarter that ended in June, up from $174 million, or $1.32 per share a year earlier. Including only continuing operations, it was a profit of $1.38.

Sales ticked up 0.4 percent to $1.55 billion, below the $1.57 billion Wall Street was expecting, according to Thomson Reuters I/B/E/S. Overall sales volume fell 3 percent.

Clorox reaffirmed its forecast for its new fiscal year of earnings per share from continuing operations of $4.55 to $4.70.

 
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.