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November 15, 2005
By: TOM BRANNA
Editor
The Clorox Company, Oakland, CA, reported that sales growth across all segments drove the company’s strong earnings results for the third quarter ended March 31. Third quarter net earnings were $126 million, an 18% increase from a year ago. Third quarter sales grew 7% to $1.086 billion. Clorox executives said sales growth outpaced the 4% growth in volume primarily due to reduced coupon spending, price increases and favorable foreign exchange rates. Volume growth was driven by new products, reco...
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