Clorox Issues FY EPS Guidance of $5.41-$5.71
CLX sits 17% above its 52-week low of $84.7.
Summary
Clorox provided its fiscal year earnings per share guidance, projecting $5.41 to $5.71. The company also projects a tough FY27, citing inflation and value-seeking customers. This is the first forward-looking profit target since the CEO departure and restructuring announced in May-June. The guidance comes amid declining sales and a debt load that recently pushed the company into a stockholders' equity deficit. The midpoint of $5.56 will be the benchmark against which analysts recalibrate their models. No revenue or margin details were disclosed, leaving the quality of the earnings outlook uncertain.
At the time of this announcement, CLX was trading at $99.17 on NYSE in the Trade & Services sector, with a market capitalization of approximately $11.9B. The 52-week trading range was $84.70 to $128.90. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.