Company News

Clorox Backs Fiscal 2007 View, Sees Higher Commodity Costs

Author Image

By: TOM BRANNA

Editor

Clorox Co. said that for fiscal 2007 it still expects sales growth in line with its prior long-term target of 3% to 5%. Sales growth is expected to outpace volume growth, particularly in the first two quarters, due to the carryover benefit of fiscal 2006 price increases, the maker of Armor All, Fresh Step cat litter and Hidden Valley Ranch salad dressing said. The company backed its profit forecast for fiscal 2007 in the range of $3.20 to $3.30 a share, reflecting about five cents to six cen...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters