Financial Performance - The Clorox Company has published its financial data for fiscal Q4 2025 and the entire FY 2025, along with an outlook for FY 2026 [1] Analyst Perspective - The analyst previously assigned a "sell" rating to Clorox approximately one year ago, indicating a negative outlook on the company's performance [1] Investment Strategy - The article emphasizes the importance of dividend investing as a pathway to financial freedom, suggesting that it is an accessible method for building long-term wealth [1]

Core Insights - Clorox reported a significant increase in adjusted EPS to $2.87, surpassing analyst expectations of $2.20, with GAAP revenue reaching $1.99 billion, exceeding the forecast of $1.93 billion [1][2] - The strong performance was primarily driven by one-time "incremental ERP shipments" ahead of a digital system upgrade, which is not expected to recur [1][5] - Management anticipates lower sales and profits for FY2026, projecting a decline in net sales by 6% to 10% and adjusted EPS down by 18% to 23% [1][10] Financial Performance - Adjusted EPS increased by 57.7% year-over-year from $1.82 in Q4 2024 to $2.87 in Q4 2025 [2] - GAAP revenue grew by 4.7% year-over-year from $1.90 billion in Q4 2024 to $1.99 billion in Q4 2025 [2] - Operating cash flow increased by 41% in FY2025, reaching $981 million, while cash and equivalents declined to $167 million as of June 30, 2025 [6] Segment Performance - Health & Wellness segment net sales grew by 14%, with adjusted EBIT increasing by 20% [7] - Household segment net sales rose by 7%, with EBIT jumping 59%, both inflated by one-time volume surges [7] - Lifestyle segment net sales increased by 3%, reflecting innovation and reduced advertising [7] Strategic Focus - Clorox is prioritizing brand equity, supply chain management, product innovation, and digital transformation [4] - The company is investing over $570 million in digital technology to modernize operations and improve analytics [9] - Corporate responsibility and sustainability efforts, including waste and emissions reduction, are key components of the company's strategy [4] Future Outlook - Management expects organic sales to decline by 5% to 9% in FY2026, with gross margin compressing by 50 to 100 basis points [10] - The company faces $100 million in annualized cost pressure from new import tariffs starting in early FY2026 [9] - Investors will monitor Clorox's ability to manage inventory normalization, tariff impacts, and shifts in consumer behavior [11]

Core Insights - The Clorox Company (CLX) reported strong fourth-quarter fiscal 2025 results, with both revenue and earnings exceeding expectations and showing year-over-year growth [1][3][4] - The company is advancing its long-term strategy with the rollout of a new U.S. enterprise resource planning (ERP) system aimed at enhancing growth and efficiency [2][15] Financial Performance - Adjusted earnings per share (EPS) reached $2.87, surpassing the Zacks Consensus Estimate of $2.24, marking a 57.7% increase from $1.82 in the same quarter last year [3] - Net sales totaled $1.99 billion, a 4.5% increase year-over-year, driven by an 8-point increase in volume, partially offset by a 4-point decline in price mix [4] - Organic sales grew by 8% year-over-year [4] Segment Performance - The Health and Wellness segment saw a 14% increase in sales to $741 million, driven by an 18-point increase in volume [6] - The Household segment reported a 7% increase in net sales to $639 million, with a 13-point increase in volume [7] - The Lifestyle segment's sales grew by 3% to $339 million, reflecting an 8-point increase in volume [8] - The International segment experienced a 1% decline in net sales to $269 million, despite a 5-point increase in volume [9] Gross Profit and Margins - Gross profit increased by 4.5% year-over-year to $924 million, with a gross margin remaining flat at 46.5% [5] - Incremental ERP shipments contributed approximately 150 basis points to gross margin [5] Future Guidance - For fiscal 2026, net sales are expected to decline by 6% to 10%, with organic sales anticipated to decrease by 5% to 9% due to the reversal of incremental shipments from the previous year [16][19] - Adjusted EPS is projected to be between $5.95 and $6.30, indicating a decline of 18% to 23% from the previous year [20]

来源：格隆汇APP 格隆汇8月1日｜高乐氏公布截至6月30日的2025财年Q4业绩，营收同比增长4%至20亿美元，高于分析 师预期的19.4亿美元；调整后每股盈利2.87美元，亦高过预期的2.21美元；毛利率为46.5%，与去年同期 基本持平。高乐氏对今年7月开始的2026财年的展望低于预期，因为公司关键营运软件转换，导致零售 商订单大幅减少，估计将对未来一年的盈利造成高达每股95美仙的负面影响。公司预计2026财年净销售 额将同比下降6%至10%，每股盈利将介乎5.95至6.3美元，低于预期。 ...

For the quarter ended June 2025, Clorox (CLX) reported revenue of $1.99 billion, up 4.5% over the same period last year. EPS came in at $2.87, compared to $1.82 in the year-ago quarter. The reported revenue represents a surprise of +3.04% over the Zacks Consensus Estimate of $1.93 billion. With the consensus EPS estimate being $2.24, the EPS surprise was +28.12%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectatio ...

Clorox (CLX) came out with quarterly earnings of $2.87 per share, beating the Zacks Consensus Estimate of $2.24 per share. This compares to earnings of $1.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +28.12%. A quarter ago, it was expected that this consumer products maker would post earnings of $1.57 per share when it actually produced earnings of $1.45, delivering a surprise of -7.64%.Over the last four quarters, the c ...

Financial Data and Key Metrics Changes - The company's Q4 and fiscal year 2025 performance was mixed, with weaker than expected top line growth but strong margin and earnings performance [4][5] - Organic sales growth was approximately 8%, but when excluding the 13% to 14% related to retailer inventory build, it resulted in a negative 5% [11][12] - The gross margin impact was higher than anticipated, with a 150 basis point impact for the quarter and 50 basis points for the full year [38][39] Business Line Data and Key Metrics Changes - The cleaning business performed well, continuing to grow share and executing innovation plans effectively [16][18] - The Kingsford business faced execution challenges, particularly during key holidays, but trends improved in July [84][85] Market Data and Key Metrics Changes - The overall consumer environment remains uncertain, with consumers exhibiting value-seeking behaviors and trading down to smaller sizes [20][21][108] - The promotional environment is rational overall, but there are pockets of high promotional activity, particularly in the trash and cat litter categories [59][60] Company Strategy and Development Direction - The company is focused on leveraging its innovation pipeline and enhancing execution to improve market share and financial performance in fiscal year 2026 [7][8][96] - The implementation of a new ERP system is seen as a critical step in building a strong digital foundation to drive revenue and efficiencies [5][30] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges in the current consumer environment but expressed confidence in the company's plans and capabilities to drive future growth [8][96] - The company expects sluggish category performance to continue but anticipates improvements in the back half of the year due to strong innovation plans [20][21][68] Other Important Information - The company is experiencing a transition period due to the ERP implementation, which has created noise in the financial results but is expected to lead to stronger performance in the future [30][43] - The company is closely monitoring the impact of tariffs, expecting an increase in costs but planning to offset these through various strategies [62] Q&A Session Summary Question: Sales performance in the quarter - The organic sales growth was about 8%, but excluding the ERP benefit, it was negative 5%, which was lower than expected [11][12] Question: Improvement in consumption trends - Management expects sequential improvement in consumption trends driven by innovation and adjustments to plans [20][21] Question: Impact of destocking - There was no material retailer destocking outside of the ERP, and the company is monitoring the situation closely [29] Question: Expectations for promotional environment - The promotional environment is largely rational, with some competitive activity in specific categories [59][60] Question: Kingsford business performance - Execution issues impacted Kingsford's performance, but adjustments have been made for upcoming holidays [84][85] Question: Medium-term growth outlook - The company aims to return to a 3% to 5% growth target, focusing on innovation and market share improvements [99][100]

Financial Data and Key Metrics Changes - The Q4 and fiscal year 2025 performance was mixed, with weaker than expected top line growth but strong margin and earnings performance [5][6] - Organic sales growth was about 8%, but when excluding the 13% to 14% related to retailer inventory build, it resulted in approximately negative 5% [11][12] - The gross margin impact was higher than anticipated, with a 150 basis point impact for the quarter and 50 basis points for the full year [41][42] Business Line Data and Key Metrics Changes - Cleaning products performed well, with continued share growth and successful innovation plans [16][19] - The Kingsford business faced execution challenges, particularly during key holidays, but trends improved in July [84][85] Market Data and Key Metrics Changes - The overall consumer environment remains uncertain, with consumers exhibiting value-seeking behaviors and trading down to smaller sizes [109][111] - The promotional environment is rational overall, but there are pockets of high promotional activity in specific categories like trash and cat litter [60][61] Company Strategy and Development Direction - The company is focused on leveraging its innovation pipeline and improving execution to drive market share and financial performance in fiscal year 2026 [8][19] - The ERP transition is seen as a critical step in modernizing capabilities and improving data utilization for better decision-making [32][33] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by macroeconomic uncertainties but expressed confidence in the company's plans and capabilities to navigate these challenges [8][19] - The company expects sluggish category performance to continue but anticipates improvements in the second half of the year due to strategic actions [20][24] Other Important Information - The company expects higher costs from tariffs to be around $40 million, with plans to offset this through various mitigating actions [63] - The ERP implementation is complex and has created noise in the financials, but management believes it will lead to stronger performance in the long term [46][47] Q&A Session Summary Question: Sales performance and consumption data - Management explained that organic sales growth was about 8%, but after adjusting for inventory build, it was negative 5%, which was lower than previous expectations [11][12] Question: Improvement in consumption trends - Management indicated that improvements are expected in the back half of the year due to innovation and adjustments in plans to address consumer behavior [20][22] Question: Impact of destocking and ERP - Management clarified that destocking was in line with expectations and that the ERP transition led to higher than anticipated retailer inventory builds [30][39] Question: Promotional environment and category growth - Management noted that the promotional environment remains rational overall, with some competitive activity in specific categories, and they plan to strategically allocate promotional spending [60][61] Question: Expectations for fiscal year 2026 - Management provided guidance for organic sales growth to be between negative 1% to positive 2%, with expectations for improved performance in the back half of the year [57][58]

Clorox’s full-year outlook came in below expectations as a switch in the company’s key operational software is seen causing severe cutbacks on orders from retailers https://t.co/B59pCp4uP4 ...

Clorox Reports Q4 and FY25 Results, Provides FY26 Outlook Delivers strong margin expansion and adjusted EPS growth for FY25 despite challenging environment in the second half of the fiscal year OAKLAND, California, July 31, 2025 — The Clorox Company (NYSE: CLX) today reported results for the fourth quarter and fiscal year 2025, which ended June 30, 2025. Fourth-Quarter Fiscal Year 2025 Summary PRESS RELEASE The following is a summary of key fourth-quarter results, which reflect the temporary benefit from in ...