Clorox Q3 Profit Inches Up

(RTTNews) - Consumer goods maker Clorox Company (CLX), Thursday said its third-quarter profit inched up from last year.

Net earnings for the quarter rose to $187 million or $1.54 per share from $186 million or $1.50 per share in the prior-year period.

Revenue was largely flat at $1.670 billion compared to $1.668 billion a year ago, while organic sales declined 1%.

Adjusted earnings per share increased 13% to $1.64 from $1.45 last year, driven by cost savings, lower advertising spending, and reduced selling and administrative expenses.

Gross margin declined to 43.2% from 44.6%, primarily reflecting higher manufacturing and logistics costs as well as unfavorable product mix.

By segment, Household sales rose 3% and International sales increased 8%, while Lifestyle sales declined 9%.

Looking forward, Clorox updated its fiscal year 2026 outlook and now expects net sales to decline about 6% and adjusted earnings per share between $5.45 and $5.65.