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Clorox (CLX) Fiscal 1Q19 Results: Company Exceeds Expectations but Lowers Full Year Guidance

Executive Summary

  • Clorox reported 1Q19 revenues of $1.56 billion, up 4.2% year over year and beating the consensus estimate of $1.54 billion. EPS was $1.62, up 11% from the year ago quarter, above the consensus estimate of $1.58 and above last year’s EPS of $1.46.
  • Three of the company’s four segments showed positive or flat sales growth. Cleaning sales grew by 2%, Household sales remained flat, Lifestyle sales grew by 26% and International sales decreased by 5%.
  • Clorox maintained its full year sales growth guidance of 2%–4%. The company lowered its full year EPS guidance to $6.20–$6.40 from the previous $6.32–$6.52.

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