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00:03Clorox Company reported mixed second quarter fiscal 2026 results,
00:07sending shares lower on Wednesday, according to Benzinga.
00:10The company posted adjusted earnings of $1.39 per share on revenue of $1.673 billion,
00:17missing analyst, annui estimates for earnings of $1.43 per share,
00:22while topping revenue expectations of $1.64 billion.
00:24Net sales fell 1% year-over-year, on a reported and organic basis, driven by lower consumption.
00:32Gross margin declined 60 basis points to 43.2% due to higher manufacturing and logistics costs.
00:39Health and wellness sales rose 2%, and international sales increased 7%,
00:44while household sales fell 6%, and lifestyle sales declined 5%.
00:47Clorox reaffirmed fiscal 2026, adjusted EPS guidance of $5.95 to $6.30,
00:55and slightly narrowed sales guidance.
00:58Shares were down 3.11% in pre-market trading on Wednesday, according to Benzinga Pro Data.
01:03For all things money, visit Benzinga.com.
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