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January 7, 2002
By: TOM BRANNA
Editor
Clorox Co. has reaffirmed its earnings guidance for fiscal 2002, despite the devaluation of the Argentine peso, as it expects cost cuts to help mitigate lost sales. The maker of Clorox bleach, Glad bags and Hidden Valley salad dressings said it was still on track to post earnings of $1.82to $1.87 a share in the fiscal year ending in June, before one-time charges. The company issued that guidance in December.Yesterday, president Eduardo Duhalde set a devaluation of the Argentine peso, which is pe...
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