Clorox Cuts Annual Profit Forecast Amid Weak Demand
The consumer goods maker lowered its adjusted earnings forecast to between $5.45 and $5.65 per share. Higher energy costs and soft demand are impacting margins.
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CLOROX COMPANY cut its annual adjusted EPS forecast to $5.45–$5.65 from $5.95–$6.30 during late afternoon April 30. The revision follows rising energy and freight costs linked to the conflict involving Israel and Iran. Investors face margin pressure as higher costs force United States consumers to reduce spending on branded cleaning products.
