earnings
confidence high
sentiment negative
materiality 0.80
Clorox Q3 FY2022: Net sales +2% to $1.8B; gross margin down 760 bps; adjusted EPS down 19%
CLOROX CO /DE/
2022-Q3 EPS reported
$2.91
revenue$5,306,000,000
- Net sales rose 2% to $1.8B; organic sales also up 2% vs flat prior year.
- Gross margin fell 760 bps to 35.9% on higher manufacturing, logistics, and commodity costs.
- Diluted EPS of $1.21 vs a loss of $0.49; adjusted EPS down 19% to $1.31.
- YTD free cash flow $279M, down 58% from $661M in prior-year period.
- Health & Wellness sales down 3%; Household +6%; Lifestyle +4%; International +1%.