earnings
confidence high
sentiment positive
materiality 0.75
Clorox Q3 FY2023: adj EPS +15%, net sales +6%, raises full-year outlook
CLOROX CO /DE/
2023-Q3 EPS reported
-$0.22
revenue$5,370,000,000
- Net sales $1.91B (+6% YoY); organic sales +8%; gross margin 41.8% (+590 bps).
- Adjusted EPS $1.51 (+15% YoY); GAAP diluted EPS loss $1.71 due to $445M impairment in vitamins.
- YTD operating cash flow $728M, up 61% YoY; free cash flow $584M, 10.9% of sales.
- Health & Wellness segment volume -16% but price/mix +23%; Lifestyle sales +15%.
- Company raises FY2023 outlook citing pricing, cost savings, and strategic investments.