Clorox (CLX) Tops Q3 EPS by 14c, Revenue Misses, Guides Below Consensus

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Go back to Clorox (CLX) Tops Q3 EPS by 14c, Revenue Misses, Guides Below Consensus

Clorox Reports Q3 Fiscal Year 2021 Results, Updates Fiscal Year Outlook

April 30, 2021 6:30 AM EDT

OAKLAND, Calif., April 30, 2021 /PRNewswire/ -- In its fiscal third quarter ending March 31, 2021, The Clorox Company (NYSE: CLX) reported flat sales and diluted net loss per share (diluted EPS) of 49 cents, a 126% decrease compared to the year-ago quarter.

GAAP earnings per share reflect a pre-tax noncash impairment charge of $329 million (or $2.11 diluted EPS). The impairment charge is the result of an adjustment to the carrying values of goodwill, trademarks and other assets in the Better Health Vitamins, Minerals and Supplements (VMS) business. On an adjusted basis, Clorox delivered diluted net earnings... More