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Clorox Post 2Q Results and Updates Fiscal 2009 Outlook

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By: TOM BRANNA

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The Clorox Company today reported solid earnings for its second quarter, which ended Dec. 31, 2008. “We delivered solid second-quarter results in a challenging environment,” said Chairman and CEO Don Knauss. “Shipments were lower than our projections due to retailer inventory reductions and soft consumer demand in some categories. That said, the impact of price increases earlier in the fiscal year was in line with our pricing models. We continue to be cautiously optimistic a...

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