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Sales of cleaning products and natural personal care impacted by normalizing consumer demand and lower shipments caused by supply, respectively.
November 3, 2022
By: Christine Esposito
Editor-in-Chief
The Clorox Company reported results for the first quarter of fiscal year 2023, which ended Sept. 30, 2022. Net sales decreased 4% to $1.74 billion compared to a 6% net sales decrease in the year-ago quarter. The net sales decrease was driven largely by lower volume, partially offset by favorable price mix. Organic sales1 were down 2%. The three-year average growth rate for net sales was up 5%. “We delivered better-than-expected results this quarter in a challenging operating environment...
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