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Clorox delivered improved gross margins and returned to profitability with $186 million in net income, despite an 8% decline in revenue driven by recent divestitures.
Net sales declined 8% to $1668000000 due to business divestitures.
Gross margin expanded to 44.6%, marking the 10th consecutive quarter of improvement.
Net income reached $186 million compared to a $51 million loss a year ago.
Adjusted EPS fell 15% to $1.45 due to lower sales despite margin gains.
Clorox revised its FY2025 outlook to reflect continued geopolitical and macroeconomic pressures, while expecting modest organic growth and strong earnings recovery.
Visualization of income flow from segment revenue to net income