Clorox Company The
- Clorox Co dropped 7.6% to $121.69 after the company forecasted weaker-than-expected fiscal first quarter outlook.
The consumer products maker said that the recent cyber attack costs outweighed benefits achieved through better pricing and supply chain improvements.
On September 25, Clorox began the process of transitioning back to automated order processing, helping the company to increase its shipment and rebuild inventories for retailers.
Net sales in the fiscal first quarter is expected to decline between 28% and 23% from a year ago and diluted loss per share between 75 cents and 35 cents.
Oct 5, 2023
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