Clorox up after first-quarter sales, profit beat

By Reuters News

** Shares of Pine-Sol maker Clorox CLX.N up 4.4% at $93.72 in extended trading

** Co beats quarterly sales, profit estimates, helped by resilient demand for its health and wellness products

** Reports Q1 sales of $1.91 billion vs estimates of $1.88 billion - data compiled by LSEG

** Logs quarterly adjusted EPS of $1.55, increased 82% vs estimates of $1.07

** Posts 62% rise in net sales of health and wellness segment for the quarter vs 19% decrease last year

** CLX however maintains FY2027 sales forecast and sees annual adjusted EPS results closer to the low end of the range

** "The cost environment has become more challenging, with higher inflationary pressures reflected in our updated outlook" - co

** As of last close, stock down ~11% YTD

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk