Clorox (CLX) Announces Promotion of Linda Rendle to CEO Position; Benno Dorer to Continue as Board Chair

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Clorox (CLX) Tops Q4 EPS by 42c, Offers Outlook

August 3, 2020 6:31 AM EDT

Clorox (NYSE: CLX) reported Q4 EPS of $2.41, $0.42 better than the analyst estimate of $1.99. Revenue for the quarter came in at $1.98 billion versus the consensus estimate of $1.87 billion.

Clorox Provides Fiscal Year 2021 Outlook

Flat to low single-digit increase in sales (flat to low single-digit increase in organic sales growth)Mid-single-digit decrease to mid-single-digit increase in diluted EPS

Clorox believes it is important to provide management's current business perspective and financial outlook for fiscal year 2021, recognizing there is significant uncertainty about future COVID-19 impacts related to various areas of its business. Although the... More