Business
Clorox Reports Q3 Fiscal Year 2026 Results, Updates Outlook
The Clorox Company (NYSE: CLX) today reported results for the third quarter of fiscal year 2026, which ended March 31, 2026.
About this update from Clorox Company (the)
[{"type":"text","content":"OAKLAND, Calif., April 30, 2026 /PRNewswire/ -- The Clorox Company (NYSE: CLX) today reported results for the third quarter of fiscal year 2026, which ended March 31, 2026.","length":172,"tagName":"p"},{"type":"text","content":"Third-Quarter Fiscal Year 2026 Summary","length":38,"tagName":"p"},{"type":"text","content":"Following is a summary of key results for the third quarter. All comparisons are with the third quarter of fiscal year 2025 unless otherwise stated.","length":148,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net sales of $1.67 billion were flat versus the year-ago quarter. Organic sales1 decreased 1%.","length":94,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross margin decreased 140 basis points to 43.2% from 44.6% in the year-ago quarter, primarily driven by higher manufacturing and logistics costs and unfavorable mix, partially offset by cost savings.","length":200,"tagName":"p"}]},{"val":[{"type":"text","content":"Diluted net earnings per share (diluted EPS) increased 3% to $1.54 from $1.50 in the year-ago quarter. This includes lapping cyberattack insurance recoveries in the prior period, lower costs related to the company's investment in its digital capabilities and productivity enhancements in the current period, partially offset by costs associated with the acquisition of GOJO Industries (GOJO).","length":396,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EPS1 increased 13% to $1.64 from $1.45 in the year-ago quarter, primarily driven by cost savings, lower advertising investments and lower selling and administrative expenses, partially offset by higher manufacturing and logistics costs and unfavorable mix.","length":270,"tagName":"p"}]},{"val":[{"type":"text","content":"Year-to-date net cash provided by operations was $282 million compared to $687 million in the year-ago period, representing a 59% decrease, primarily due to the Glad joint venture agreement termination payment.","length":215,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1175,"olType":false},{"type":"text","content":""Our third-quarter results were mixed, with continued momentum in some parts of our portfolio and slower-than-anticipated market share recovery in others," said Chair and CEO Linda Rendle. "Looking ahead, we recognize there is more work...