Bleach maker Clorox's Q2 revenue beats estimates

The Clorox

03/02/2026 21:19

Overview

Consumer goods firm's fiscal Q2 revenue beat analyst expectations despite a 1% decline

Adjusted EPS for fiscal Q2 missed analyst expectations

Outlook

Clorox maintains fiscal year 2026 net sales outlook to decrease 6% to 10%

Company expects fiscal year 2026 adjusted EPS between $5.95 and $6.30

Clorox anticipates GOJO acquisition to close before fiscal year-end 2026

Result Drivers

LOWER CONSUMPTION - Net sales decreased 1% due to lower consumption, partially offset by shipments ahead of consumption

HIGHER COSTS - Gross margin decreased due to higher manufacturing and logistics costs, partially offset by cost savings

DIGITAL INVESTMENTS - Lower costs related to digital capabilities and productivity enhancements impacted EPS

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.67 bln
$1.64 bln (13 Analysts)
Q2 Adjusted EPS
Miss
$1.39
$1.43 (15 Analysts)
Q2 EPS
$1.29
Q2 Gross Margin
43.2%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 14 "hold" and 4 "sell" or "strong sell"

The average consensus recommendation for the household products peer group is "buy."

Wall Street's median 12-month price target for Clorox Co is $115.00, about 1.5% above its February 2 closing price of $113.29

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nPn9h7D65a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)