Clorox Reports Q1 Fiscal 2027 Results Amid Gojo Acquisition and ERP Transition
Clorox (CLX) reported first-quarter fiscal 2027 net sales of $1.91 billion, a 33% year-over-year increase. However, much of this growth was driven by the acquisition of Gojo Industries and favorable comparisons following a previous enterprise resource planning (ERP) software transition rather than organic expansion alone. While adjusted earnings per share (EPS) reached $1.55, surpassing analyst estimates, the company signaled caution regarding its full-year outlook. Clorox expects annual adjusted EPS to land toward the lower end of its $5.70 to $6.00 guidance range and has slightly lowered its gross margin expectations from 42% to 41.5%. The increased debt load following the Gojo acquisition has raised concerns among dividend investors regarding the long-term sustainability of the company's high yield.
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