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May 1, 2014
By: TOM BRANNA
Editor
Clorox is the latest company in the household and personal products industry to feel the negative effect of Venezuela's currency devaluation. For its third quarter, which ended March 31, 2014, Clorox reported a 2% decline and $1.05 diluted earnings per share (EPS) from continuing operations for 5% diluted EPS growth. On a currency-neutral basis, sales grew more than 1%. “We're pleased to have delivered 5% diluted EPS growth in the third quarter, notwithstanding the Venezuela de...
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