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Clorox lifts annual profit forecast on pricing benefits
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Clorox Lifts Annual Profit Forecast on Pricing Benefits
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Consumer good companies, including Clorox, have been increasing product prices steadily over the last few years to protect profits from costs tied to manufacturing and logistics. Peers Colgate-Palmolive and Kimberly-Clark have also raised their respective sales and profit forecasts in recent weeks on the back of higher product prices. Excluding one-off items, Clorox earned $1.71 cents per share, topping analysts' estimate of $1.37 per share.
Rollins topped market
expectations for first-quarter revenue on Wednesday, helped by
pricing actions and as demand for its pest control services held
steady despite tough macroeconomic conditions in.
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