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Clorox lifts annual profit forecast on pricing benefits

(Reuters) - Clorox Co raised its annual profit forecast on Tuesday after beating quarterly earnings expectations, banking on effects of price hikes taken to offset escalating costs. Consumer good companies, including Clorox, have been increasing pr.

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Clorox lifts annual profit forecast on pricing benefits

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.

New yorkUnited statesAlan baronaAatrayee chatterjeeJessica dinapoliLinda rendleKevin jacobsenClorox coChief executive linda rendle

Clorox to Present at Goldman Sachs Global Staples Forum

OAKLAND, Calif., April 23, 2024 /PRNewswire/ The Clorox Company today announced that Chair and Chief Executive Officer Linda Rendle will participate in a fireside chat at the Goldman Sachs.

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Consumer Brands Adds Nestlé, Faribault Foods as Members

One of world’s largest CPG companies gets seat on board of directors

United statesSwitzerland generalSteve presleyLinda rendleDavid chavernKraft heinz coClorox coWk kellogg coConsumer brands associationConsumer brand associationFaribault foodsConsumer brandsFaribault foodsBoard of directorsLinda rendleHe clorox co

Clorox Announces April 30 Webcast of Third-Quarter Fiscal Year 2024 Results

Clorox Announces April 30 Webcast of Third-Quarter Fiscal Year 2024 Results
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