Company News, Financial News

IT Restructuring Costs

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By: TOM BRANNA

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Clorox posted a 2.8 % rise in quarterly profit, but company executives warned that annual profit could come in at the lower end of their forecast due to costs associated with an information technology restructuring program. Clorox earned $112 million in the fiscal first quarter ended September 30. The company, which already increased prices on bleach, Tilex cleaners, Glad trash bags and other products this year to help offset higher commodity costs, said it would also raise prices on Kingsford...

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