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Clorox (CLX) Q2 Earnings & Revenues Beat Estimates, Rise Y/Y
Zacks Investment Research· 2024-02-03 04:01
The Clorox Company (CLX) reported second-quarter fiscal 2024 results, wherein the top and bottom lines beat their respective Zacks Consensus Estimate and improved year over year. The results mainly benefited from higher volumes and increased sales across each of the segments.Also, significant gains from pricing actions and ongoing cost-saving initiatives aided the performance. Results also benefited from a solid innovation pipeline and digital transformation. CLX has been on track with its streamlined opera ...
Clorox shares rally on raised full-year sales and profit guidance
Proactive Investors· 2024-02-02 23:19
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Clorox(CLX) - 2024 Q2 - Earnings Call Transcript
2024-02-02 09:39
财务数据和关键指标变化 - 公司在第二季度的财务业绩超出预期,主要得益于从8月份网络攻击事件的快速恢复、持续推进增长策略和利润重建以及迅速有效地应对阿根廷的汇率波动 [10] - 公司正在加快重建零售商库存,使其能够恢复陈列和分销,从而大幅提升了市场份额 [11] - 在缺货期间和恢复过程中,公司的品牌优势指标保持强劲,体现了公司优势组合的力量以及品牌在消费者日常生活中的重要作用 [12] 各条业务线数据和关键指标变化 - 公司在冷/热季节产品方面的表现与往年正常水平一致,不同于去年的异常情况 [104] - 公司的Burt's Bees业务在假期销售期表现良好,超出了此前的预期 [96][97] 各个市场数据和关键指标变化 - 公司在阿根廷市场面临汇率大幅贬值和高通胀的挑战,但通过采取价格调整等措施,预计能够完全抵消这些负面影响 [51][53] 公司战略和发展方向及行业竞争 - 公司保持致力于实现3%-5%的长期收入增长目标,并通过成本节约等措施持续提升利润率 [88][89] - 公司的数字化转型和运营模式优化等战略举措仍在持续推进,为实现长期增长奠定基础 [88][89] - 公司在关键品类如垃圾袋和猫砂方面仍有一些分销和陈列方面的工作要做,但有信心通过适当的投资和与零售商的合作来实现全面恢复 [49][50][73][74] - 行业竞争环境整体保持稳定,公司不预期出现任何异常的价格战或促销活动 [68][69] 管理层对经营环境和未来前景的评论 - 尽管宏观环境仍然充满挑战,但公司有信心通过增加销量来推动收入增长,并通过成本节约等措施来重建利润率 [13][14] - 公司的多元化优质品牌组合、在必需品类的市场地位以及IGNITE战略指引下的投资,为公司创造长期价值奠定了基础 [15][16] 问答环节重要的提问和回答 问题1 **Andrea Teixeira 提问** 提问了公司二季度财务表现超预期的原因,以及对下半年毛利率的预期 [19][20] **Kevin Jacobsen 回答** 回应了阿根廷市场汇率和通胀的影响,以及公司通过定价等措施来抵消这些负面影响的计划 [20] 问题2 **Peter Grom 提问** 询问了公司对于未来收入增长中量价比的预期 [26][27] **Kevin Jacobsen 回答** 解释了公司预计在下半年会看到销量改善趋势,同时价格贡献会有所下降,但通过其他措施来抵消 [27][28][29][30] 问题3 **Dara Mohsenian 提问** 询问了公司是否有信心能够完全恢复之前的分销渠道和市场份额,以及对未来竞争环境的看法 [40][41][42] **Linda Rendle 回答** 表示公司品牌实力依然强劲,与零售商的关系更加紧密,有信心通过恰当的投资和执行来全面恢复分销和市场份额,同时行业竞争环境整体保持稳定 [42][43][44]
Clorox (CLX) Q2 Earnings and Revenues Beat Estimates
Zacks Investment Research· 2024-02-02 07:21
Clorox (CLX) came out with quarterly earnings of $2.16 per share, beating the Zacks Consensus Estimate of $1.08 per share. This compares to earnings of $0.98 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this consumer products maker would post a loss of $0.20 per share when it actually produced earnings of $0.49, delivering a surprise of 345%.Over the last four quarters, the company ...
Clorox shares climb as bleach maker rebounds from 2023 cybersecurity attack
Market Watch· 2024-02-02 07:01
Clorox Co. shares climbed 6.7% in extended trading Thursday amid the bleach and cleaning products maker’s rebound from last year’s cybersecurity attack that caused widescale disruption to its operations.The company reported fiscal second-quarter sales of $1.99 billion, a 16% increase from $1.715 billion in the same period last year. Clorox CLX, +1.92% said that the increase was driven largely by higher volume as the company rebuilt customer inventories following the cybersecurity attack as well as a favorab ...
Clorox Reports Q2 Fiscal Year 2024 Results, Updates Outlook
Prnewswire· 2024-02-02 05:10
OAKLAND, Calif., Feb. 1, 2024 /PRNewswire/ -- The Clorox Company (NYSE: CLX) today reported results for the second quarter of fiscal year 2024, which ended Dec. 31, 2023. Second-Quarter Fiscal Year 2024 Summary Following is a summary of key results for the second quarter, which reflect operational recovery from the previously announced cyberattack. All comparisons are with the second quarter of fiscal year 2023 unless otherwise stated. Net sales increased 16% to $1.99 billion compared to a 1% net sales inc ...
Clorox(CLX) - 2024 Q2 - Quarterly Report
2024-02-01 00:00
公司概况 - Clorox公司是一家领先的跨国消费品和专业产品制造商,拥有约8700名全球员工[70] - 公司主要在中等规模的类别中推广其领先品牌,80%的销售额来自在各类别中排名第一或第二的品牌[71] - Clorox公司通过战略业务单位(SBUs)运营,分为四个报告部门:健康与健康、家庭、生活方式和国际[72] 财务表现 - 截至2023年12月31日的三个月内,Clorox公司的净销售额增长了16%,主要受到零售商重新建立库存的推动[88] - 截至2023年12月31日的六个月内,Clorox公司的净销售额下降了2%,主要受到定价行动和网络攻击的影响[89] - 截至2023年12月31日的三个月内,Clorox公司的毛利率从36.2%增加到43.5%,主要受益于定价、更高的销量和成本节约[90] - 截至2023年12月31日的六个月内,Clorox公司的毛利率从36.1%增加到41.4%,主要受益于定价和成本节约[91] - 截至2023年12月31日的三个月内,Clorox公司的销售和管理费用增加了14%,主要是由于网络攻击和数字能力投资[92] - 截至2023年12月31日的六个月内,Clorox公司的广告费用增加了11%,反映了公司对品牌的持续支持[94] - 截至2023年12月31日的三个月内,Clorox公司的研发成本基本持平,继续投资于产品创新和成本节约[95] 风险和挑战 - 公司在2023财年第四季度在中国市场创下了iPhone销售收入纪录[110] - 公司提到了受到供应链问题、劳动力短缺、通货膨胀等因素的影响[153] - 公司强调了对销售增长、产品类别扩张和地理组合管理的重要性[153] - 公司关注了供应链问题、产品短缺和业务中断的风险[153] - 公司提到了数字能力和生产力增强投资可能导致流程和程序变化的风险[153]
General Mills Elects Two New Board Members
Businesswire· 2024-01-30 21:30
MINNEAPOLIS--(BUSINESS WIRE)--General Mills, Inc. (NYSE: GIS) today announced the election of Benno O. Dorer and John G. Morikis to its board of directors effective Jan. 29, 2024. The election of Dorer and Morikis reflects the company’s thoughtful approach to board succession and refreshment. As the former Chairman and Chief Executive Officer of The Clorox Company (NYSE: CLX), Dorer brings to the board strong executive leadership experience from a global consumer packaged goods company. Dorer served as Chi ...
Countdown to Clorox (CLX) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
Zacks Investment Research· 2024-01-29 23:22
Wall Street analysts forecast that Clorox (CLX) will report quarterly earnings of $1.07 per share in its upcoming release, pointing to a year-over-year increase of 9.2%. It is anticipated that revenues will amount to $1.78 billion, exhibiting an increase of 3.6% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 1.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their ...
Clorox (CLX) Advances While Market Declines: Some Information for Investors
Zacks Investment Research· 2024-01-27 07:56
Clorox (CLX) closed the latest trading day at $144.68, indicating a +0.37% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily loss of 0.07%. At the same time, the Dow added 0.16%, and the tech-heavy Nasdaq lost 0.36%.Shares of the consumer products maker have appreciated by 1.47% over the course of the past month, underperforming the Consumer Staples sector's gain of 4.4% and the S&P 500's gain of 3.05%.Market participants will be closely following the finan ...