Categories Consumer, Earnings

The Clorox Company (NYSE: CLX): Q2 2020 Earnings Snapshot

— The Clorox Company (NYSE: CLX) reported net income of $185 million or $1.46 per share for the second quarter of 2020, vs. $1.40 per share expected.

— Net sales decreased to $1.45 billion from $1.47 billion in the second quarter of 2019, vs. $1.43 billion expected; organic sales were flat

— Gross margin rose 40 basis points to 44.1% from 43.7% in the year-ago quarter

— Expects the year-over-year change in full-year 2020 net sales to be between a low-single-digit decline to a 1% increase; sees organic sales growth of 2%

— Expects full-year earnings per share to be between $6.10 and $6.25, representing a 3-1% annual decrease

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