Clorox Shares Drop 6% Following Q4 EPS Miss and Disappointing 2023 Outlook

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Go back to Clorox Shares Drop 6% Following Q4 EPS Miss and Disappointing 2023 Outlook

Clorox (CLX) Reports In-Line Q4 EPS, Guidance Misses

August 3, 2022 4:17 PM EDT

Clorox (NYSE: CLX) reported Q4 EPS of $0.93, in-line with the analyst estimate of $0.93. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.86 billion.

GUIDANCE:

Clorox sees FY2023 EPS of $3.82-$4.22, versus the consensus of $5.26.

Net sales decreased 3% (2% organic sales decrease)... More