Clorox Company (the) Stock News

The iconic consumer goods company's earnings update showed that it got hit hard on both the top and bottom lines, with no end in sight.

The iconic consumer goods company''s earnings update showed that it got hit hard on both the top and bottom lines, with no end in sight.

Clorox (CLX) Q2 results hurt by soft sales performance across all segments, led by lower shipment volumes. Higher costs also hurt the bottom line.

Upgrades CBRE upgraded the previous rating for Penn National Gaming Inc (NASDAQ:PENN) from Hold to Buy. For the fourth quarter, Penn National Gaming had an EPS of $0.26, compared to year-ago quarter

Here are the biggest calls on Wall Street on Friday.

The stock price of Clorox Co (NYSE: CLX) fell by over 14% during intraday trading today. This is why it happened.

Here are the winners and losers in Friday''s premarket session.

Yahoo Finance's Julie Hyman and Brian Sozzi discuss Ford stock declining after lower-than-expected earnings and Clorox shares plummeting after the company said margins would take a hit due to inflatio

Clorox Tumbles After "Inflationary Headwinds" Compress Margins For several quarters, we have pointed out that mentions of "inflation" on corporate earnings calls have rocketed to record highs and come as management teams make the tough decision to pass-through surging commodity costs into higher prices. There''s only so much inflation that can be passed through. Otherwise, consumers will switch to cheaper brands or reduce purchases. Inflation is crushing the margins of companies. The latest sign comes as Clorox Co., the maker of bleaches, wipes, and other surface cleaners, reported "inflationary headwinds" were driving "cost pressures will continue through the fiscal year 2022." It reported fourth-quarter earnings that missed analysts'' expectations and warned about margin compression. Soaring manufacturing, shipping, and commodity costs were to blame as gross margins plunged 1240 basis points to 33% from 45% in the fourth quarter versus a year ago. CEO Linda Rendle said additional costs are expected around $500 million.

Clorox (CLX) Q2 results hurt by soft sales performance across all segments, led by lower shipment volumes. Higher costs also hurt the bottom line.

The iconic consumer goods company's earnings update showed that it got hit hard on both the top and bottom lines, with no end in sight.

Clorox Co (NYSE:CLX) stock is taking a nosedive this morning, down 14% to trade at $142.25 at last glance.

OAKLAND, Calif., Feb. 4, 2022 /PRNewswire/ -- The Clorox Company (NYSE: CLX) announced today that CEO Linda Rendle and Chief Financial Officer Kevin Jacobsen will present at the Consumer Analyst Group

Clorox reported exceptionally poor quarterly results.