earnings
confidence high
sentiment negative
materiality 0.85
Clorox Q2 net sales fall 8%, gross margin drops 1240 bps to 33%, EPS down 72%
CLOROX CO /DE/
2022-Q2 EPS reported
$1.70
revenue$3,497,000,000
- Net sales $1.7B, down 8% vs prior year; organic sales -8% reflecting 10-point volume decline.
- Gross margin 33% vs 45% a year ago, driven by higher manufacturing & logistics and commodity costs.
- Diluted EPS $0.56 (down 72%); adjusted EPS $0.66 (down 67%) excluding strategic digital investments.
- Health & Wellness segment net sales down 21%; Household +3%, Lifestyle +2%, International flat.
- YTD free cash flow $113M vs $478M prior year; capex $109M; company cites ongoing cost pressures.