earnings
confidence high
sentiment negative
materiality 0.85
Clorox Q1 net sales down 20% to $1.4B; diluted EPS 17¢ (-75%), adjusted EPS 49¢ (-47%)
CLOROX CO /DE/
2024-Q1 EPS reported
$0.17
revenue$1,386,000,000
- Net sales $1.4B, down 20%; organic sales down 18%; volume down 26%.
- Diluted EPS 17¢ (down 75%); adjusted EPS 49¢ (down 47%); cyberattack caused 15¢ incremental expense.
- Gross margin up 240 bps to 38.4% from 36.0% aided by pricing and cost savings.
- Net cash from operations $20M, down 89% from $178M; capex $24M vs $46M.
- Segments: Health & Wellness -23%, Household -23%, Lifestyle -28%, International -5% (organic +9%).