Clorox (NYSE: CLX) 3Q19 Results: Misses Estimates on Sales, Beats on EPS

Executive Summary

• Clorox reported net sales of $1.55 billion, up 2.2% year over yearfor the three months ended March 31, 2019.
• The lifestyle segment was the major revenue driver for the company, growing net sales 22.6% year over year. Net sales from the international segment suffered the most decline of 5.4% year over year.
• For FY19, the company forecasts net sales growth of 2% to 3%, and diluted EPS of $6.25-6.35, representing growth in the range of 0-1%.