earnings
confidence high
sentiment negative
materiality 0.70
Clorox Q1 FY2022 net sales fall 6%; EPS down 65% as gross margin drops 1090 bps
CLOROX CO /DE/
2022-Q1 EPS reported
$1.14
revenue$1,806,000,000
- Net sales declined 6% to $1.8B; organic sales down 5% compared to 27% growth a year ago.
- Gross margin fell 1090 basis points to 37.1% on higher commodity, manufacturing and logistics costs.
- Diluted EPS fell 65% to $1.14; adjusted EPS declined 54% to $1.21.
- Net cash from operations dropped 89% to $41M; free cash flow was negative $11M.
- CEO Linda Rendle confirmed FY2022 outlook despite persistent cost pressures.