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Professional product sales decreased, primarily as the result of reduced demand in the commercial cleaning sector due to low office occupancy rates.
August 4, 2022
By: Lianna Albrizio
Associate Editor
Net sales for Clorox in Q4 remained flat at $1.8 billion versus the prior-year quarter, as lower shipments were offset by the benefit of pricing. Organic sales were up 1%. The three-year average growth rate for net sales was 3%. The results reflect the fourth quarter, which ended June 30. Gross margin of 37.1% was flat versus the year-ago quarter, due mainly to ongoing elevated commodity costs and manufacturing and logistics costs, offset by the benefits of pricing...
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