Quarterly ResultApr 30, 2026, 04:26 PM
CLX Q3 Net Sales Flat; FY26 Outlook Lowered
AI Summary
The Clorox Company reported mixed results for its third quarter of fiscal year 2026, with net sales remaining flat at $1.67 billion and organic sales decreasing by 1%. Diluted EPS increased 3% to $1.54, while adjusted EPS rose 13% to $1.64, despite a 140 basis point decrease in gross margin. The company also completed its acquisition of GOJO Industries on April 1, 2026, expanding its product portfolio with the Purell brand. Clorox updated its full-year fiscal 2026 outlook, lowering expectations for net sales, gross margin, and adjusted EPS, citing a challenging consumer and cost environment and the impact of the GOJO acquisition.
Key Highlights
- Completed acquisition of GOJO Industries on April 1, 2026.
- Q3 FY26 net sales flat at $1.67 billion; organic sales decreased 1%.
- Q3 FY26 diluted EPS increased 3% to $1.54; adjusted EPS increased 13% to $1.64.
- Q3 FY26 gross margin decreased 140 basis points to 43.2%.
- Year-to-date net cash provided by operations decreased 59% to $282 million.
- FY26 net sales outlook updated to down ~6% (prior: low end of 6-10% decline).
- FY26 adjusted EPS outlook updated to $5.45-$5.65 (prior: low end of $5.95-$6.30).
- FY26 gross margin outlook updated to down 250-300 bps (prior: low end of 50-100 bps decline).