Clorox down after annual profit forecast cut

The Clorox

30/04/2026 21:44

** Shares of bleach maker Clorox CLX.N down about 6% at $91.92 after the bell

** Co cuts annual profit forecast, hurt by weaker demand for its cleaning products as the impact of the U.S.-Israeli war on Iran raises costs for consumers

** Expects annual adjusted EPS between $5.45 and $5.65, down from its previous forecast of $5.95 to $6.30

** Sees annual gross margin falling by 250 to 300 basis points

** Forecasts annual net sales to fall 6%, compared with earlier forecast of a 6% to 10% decline

** Reports Q3 adjusted EPS of $1.64, beating estimates of $1.55

** Quarterly revenue largely in line with estimates

** As of Thursday's close, CLX down 4% YTD

(Reporting by Koyena Das from Bengaluru )

((Koyena.das@thomsonreuters.com))