Company News, Financial News

Net Sales Decrease 5% for The Clorox Company in Q3 2024

The decrease was driven by lower volume from temporary distribution losses resulting from the widescale disruptions caused by a cyberattack.

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By: Lianna Albrizio

Associate Editor

Net sales for the Clorox Company in Q3 2024 decreased 5% to $1.81 billion compared to a 6% net sales increase in the year-ago quarter.    Officials said the decrease was driven largely by lower volume from temporary distribution losses resulting from the widescale disruptions caused by a cyberattack, as well as unfavorable foreign exchange rates, partially offset by favorable price mix.    Organic sales were up 2%. Gross margin increased 40 basis points to 42.2% from 41.8% in the...

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