Clorox (NYSE: CLX) 4Q19 Results: Sales Decline, Pulled Down by the Household Segment

Executive Summary

• Clorox reported net sales of $1.6 billion for 4Q19, down 3.8% year over year, missing the consensus estimate of $1.7 billion.
• Diluted EPS in the quarter increased 13.3% year over year to $1.88 from $1.66, beating the consensus estimate of $1.83.
• For fiscal year 2019, the company reported sales growth of 1% to $6.2 billion and a 1% increase in diluted EPS to $6.32.