Clorox cuts annual profit forecast on weak demand for cleaning products
Clorox cuts annual profit forecast on weak demand for cleaning products | Reuters Higher energy, fuel and freight costs tied to the war are pushing consumers to cut back on discretionary spending, including on branded floor cleaners and disinfectant sprays, stoking concerns about margin pressure for consumer goods makers like Clorox. The company now expects annual adjusted earnings per share between $5.45 and $5.65, down from its prior forecast of $5.95 to $6.30. Clorox also said it expects its annual gross ...