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Earnings growth, outlook for 2010 revealed
August 3, 2009
By: TOM BRANNA
Editor
Clorox reported solid earnings growth driven by stable sales and strong gross margin expansion for its fourth quarter and fiscal year 2009, which ended June 30, according to the company. Fourth-quarter 2009 net earnings increased 8% to $170 million. Sales were unchanged at $1.5 billion, compared with the year-ago quarter. “I’m extremely pleased with our strong performance in the fourth quarter, especially given continued economic pressure on consumers,” said Chairman and...
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