Clorox (CLX) Q4 Earnings Beat Estimates, Gross Margin Expands
CLXClorox(CLX) ZACKS·2024-08-02 21:32

Shares of The Clorox Company (CLX) climbed 4.2% in the after-market trading session on Aug 1 following its fourth-quarter fiscal 2024 results. Despite a decline and miss in net sales, the company's earnings were strong, surpassing the Zacks Consensus Estimate and showing a year-over-year improvement. The positive earnings were driven by pricing actions and gross margin expansion due to cost-saving initiatives. Management's fiscal 2025 earnings projection, which exceeded analysts' expectations, also helped l ...