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Clorox Expects Full-Year Sales Boost From Purell Deal

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Clorox Expects Full-Year Sales Boost From Purell Deal The Clorox Company reported earnings for its fiscal fourth quarter on Monday that beat analyst expectations, despite lower sales volumes and additional costs due to logistics and its recent acquisition of Purell hand sanitizer-maker GOJO Industries. The Oakland, California-based company said in a statement that net sales were $1.95 billion, slightly ahead of analysts’ estimate of $1.92 billion, but down 2% from a year earlier.

Clorox Expects Full-Year Sales Boost From Purell Deal The Clorox Company reported earnings for its fiscal fourth quarter on Monday that beat analyst expectations, despite lower sales volumes and additional costs due to logistics and its recent acquisition of Purell hand sanitizer-maker GOJO Industries. The Oakland, California-based company said in a statement that net sales were $1.95 billion, slightly ahead of analysts’ estimate of $1.92 billion, but down 2% from a year earlier. In the same quarter a year ago, the company switched inventory-planning software, which boosted sales when some retailers pulled forward orders, making for tougher comparisons this year.
Clorox (ORG) Purell Deal Clorox (ORG) The Clorox Company (ORG) Purell (ORG) GOJO Industries (ORG) Oakland (LOCATION) California (LOCATION)
Originally published by Bloomberg Markets Read original →