Stock Track | Clorox Plunges 5.64% in Pre-Market After Slashing Profit Outlook on Weak Demand and Soaring Costs

Stock Track

May 01

Shares of Clorox Co. plummeted 5.64% in pre-market trading on Friday. The sharp decline followed the cleaning products maker's release of its third-quarter financial results and a significant downward revision to its full-year guidance.

The company lowered its fiscal 2026 adjusted earnings per share forecast to a range of $5.45 to $5.65, down from its previous outlook of $5.95 to $6.30. Clorox cited multiple headwinds for the cut, including weaker demand for its products as consumers reduce discretionary spending, and significantly higher energy, fuel, and freight costs linked to the U.S.-Israeli war on Iran.

Additionally, integration costs related to its recent acquisition of GOJO Industries, the maker of Purell, are pressuring margins. The company also expects its annual gross margin to decline by 250 to 300 basis points. Following the guidance cut, analysts at JP Morgan reduced their price target on Clorox stock to $95 from $99.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.gotigerhk.com/news/1199925169"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1199925169\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1199925169?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-01 16:53","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1199925169","market":"sg","top_or_hot":-1,"title":"Stock Track | Clorox Plunges 5.64% in Pre-Market After Slashing Profit Outlook on Weak Demand and Soaring Costs","media":"Stock Track","content":"<p>Shares of Clorox Co. plummeted 5.64% in pre-market trading on Friday. The sharp decline followed the cleaning products maker's release of its third-quarter financial results and a significant downward revision to its full-year guidance.</p><p>The company lowered its fiscal 2026 adjusted earnings per share forecast to a range of $5.45 to $5.65, down from its previous outlook of $5.95 to $6.30. Clorox cited multiple headwinds for the cut, including weaker demand for its products as consumers reduce discretionary spending, and significantly higher energy, fuel, and freight costs linked to the U.S.-Israeli war on Iran.</p><p>Additionally, integration costs related to its recent acquisition of GOJO Industries, the maker of Purell, are pressuring margins. The company also expects its annual gross margin to decline by 250 to 300 basis points. Following the guidance cut, analysts at JP Morgan reduced their price target on Clorox stock to $95 from $99.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Clorox Plunges 5.64% in Pre-Market After Slashing Profit Outlook on Weak Demand and Soaring Costs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Clorox Plunges 5.64% in Pre-Market After Slashing Profit Outlook on Weak Demand and Soaring Costs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-05-01 16:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Clorox Co. plummeted 5.64% in pre-market trading on Friday. The sharp decline followed the cleaning products maker's release of its third-quarter financial results and a significant downward revision to its full-year guidance.</p><p>The company lowered its fiscal 2026 adjusted earnings per share forecast to a range of $5.45 to $5.65, down from its previous outlook of $5.95 to $6.30. Clorox cited multiple headwinds for the cut, including weaker demand for its products as consumers reduce discretionary spending, and significantly higher energy, fuel, and freight costs linked to the U.S.-Israeli war on Iran.</p><p>Additionally, integration costs related to its recent acquisition of GOJO Industries, the maker of Purell, are pressuring margins. The company also expects its annual gross margin to decline by 250 to 300 basis points. Following the guidance cut, analysts at JP Morgan reduced their price target on Clorox stock to $95 from $99.</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":"1199925169","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1199925169","pubTimestamp":1777625596,"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":"Shares of Clorox Co. plummeted 5.64% in pre-market trading on Friday. The sharp decline followed the cleaning products maker's release of its third-quarter financial results and a significant...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CLX":"高乐氏"},"translate_title":"个股追踪|高乐氏盘前暴跌5.64%因需求疲软和成本飙升大幅下调盈利预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CLX":1},"content_text":"Shares of Clorox Co. plummeted 5.64% in pre-market trading on Friday. The sharp decline followed the cleaning products maker's release of its third-quarter financial results and a significant downward revision to its full-year guidance.The company lowered its fiscal 2026 adjusted earnings per share forecast to a range of $5.45 to $5.65, down from its previous outlook of $5.95 to $6.30. Clorox cited multiple headwinds for the cut, including weaker demand for its products as consumers reduce discretionary spending, and significantly higher energy, fuel, and freight costs linked to the U.S.-Israeli war on Iran.Additionally, integration costs related to its recent acquisition of GOJO Industries, the maker of Purell, are pressuring margins. The company also expects its annual gross margin to decline by 250 to 300 basis points. Following the guidance cut, analysts at JP Morgan reduced their price target on Clorox stock to $95 from $99.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-2","news_tag":"movement","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}