Stock Track | Clorox Plunges 6.62% in Post-Market Trading After Cutting Profit Forecast on Weak Demand and Higher Costs

Stock Track

May 01

Clorox's stock plummeted 6.62% in post-market trading on Thursday. The sharp decline followed the release of the company's fiscal third-quarter earnings report and a significant downward revision to its full-year profit outlook.

The cleaning products maker lowered its fiscal 2026 adjusted earnings per share guidance to a range of $5.45 to $5.65, down from its previous forecast of $5.95 to $6.30. The company cited weaker demand for its cleaning products, with higher energy, fuel, and freight costs tied to the U.S.-Israeli war on Iran pressuring consumer spending on discretionary items.

Additionally, Clorox expects its annual gross margin to fall by 250 to 300 basis points, citing headwinds from the higher energy costs as well as costs related to its recent acquisition of Purell maker GOJO Industries. While third-quarter adjusted earnings of $1.64 per share beat estimates, the lowered outlook reflects a challenging consumer and cost environment, leading to the post-market sell-off.

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The sharp decline followed the release of the company's fiscal third-quarter earnings report and a significant downward revision to its full-year profit outlook.</p><p>The cleaning products maker lowered its fiscal 2026 adjusted earnings per share guidance to a range of $5.45 to $5.65, down from its previous forecast of $5.95 to $6.30. The company cited weaker demand for its cleaning products, with higher energy, fuel, and freight costs tied to the U.S.-Israeli war on Iran pressuring consumer spending on discretionary items.</p><p>Additionally, Clorox expects its annual gross margin to fall by 250 to 300 basis points, citing headwinds from the higher energy costs as well as costs related to its recent acquisition of Purell maker GOJO Industries. While third-quarter adjusted earnings of $1.64 per share beat estimates, the lowered outlook reflects a challenging consumer and cost environment, leading to the post-market sell-off.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CLX","symbol_name":"高乐氏","start_time":0,"source_url":"","article_id":"1103766019","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1103766019","pubTimestamp":1777594408,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Clorox's stock plummeted 6.62% in post-market trading on Thursday. 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