earnings
confidence high
sentiment negative
materiality 0.75
Clorox Q4 net sales flat, gross margin compressed; announces streamlined operating model; FY23 cautious
CLOROX CO /DE/
2022-FY EPS reported
$3.73
revenue$7,107,000,000
- Q4 net sales flat at $1.8B; organic sales +1%; diluted EPS $0.81 (+4% YoY); adjusted EPS $0.93 (-2%).
- FY22 net sales $7.1B (-3% YoY); gross margin 35.8% vs 43.6% prior year; free cash flow $535M vs $945M.
- Health & Wellness segment volume -18% in Q4; net sales -5% despite pricing benefits; three-year avg growth +3%.
- Announces streamlined operating model to create faster, simpler company, move decision-making closer to consumers.
- FY23 outlook: environment remains difficult with inflation and portfolio normalization; expects margin rebuilding.