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May 6, 2004
By: TOM BRANNA
Editor
Oakland, CA-based The Clorox Company reported sales growth across all segments drove the company’s strong earnings results for the third quarter ended March 31. Clorox reported third-quarter net earnings of $126 million, an 18% increase from a year ago.Third quarter sales also grew 7% to $1.086 billion. 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...
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