secwatch.observer — SEC 8-K summary
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Issuer:     CLOROX CO /DE/ (CLX)
CIK:        0000021076
Form:       8-K
Filed at:   2021-11-01T23:59:59+00:00
Accession:  0001206774-21-002680
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clorox Q1 FY2022 net sales fall 6%; EPS down 65% as gross margin drops 1090 bps
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/21076/000120677421002680/0001206774-21-002680-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/21076/000120677421002680/clorox3976951-8k.htm
  HTML page:      https://secwatch.observer/filing/0001206774-21-002680

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