Clorox is seeing 'broad-based strength' in the midst of the coronavirus pandemic, CEO Benno Dorer told CNBC.
Clorox posted a 24% increase in organic sales last quarter and a 10% increase in organic sales in its latest fiscal year as the company benefited from the coronavirus pandemic, CEO Benno Dorer told CNBC.
Dorer, who is stepping down as chief executive next month, said the company will "continue to play offense" under incoming CEO Linda Rendle.posted its strongest sales growth the company has seen "in modern history" after closing out its fiscal year in the middle of the coronavirus pandemic, CEO Benno Dorer told CNBC Monday.
Clorox beat quarterly estimates in the April-June financial period. Net sales came in at $1.98 billion, up 22% from the $1.63 it recorded the year prior, and net profit came out to be $310 million, or $2.41 per share, almost 29% higher year-over-year. Wall Street was expecting revenue of $1.87 billion and earnings of $1.99 per share, respectively, according to Factset estimates.
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