Clorox surpassed Wall Street’s outlook and raised its outlook by reporting fiscal first quarter earnings on Monday.
Overall sales increased by 27% from a year ago, and Clorox reported that 8 out of 10 divisions increased by double digits due to Covid-19 and people spending more time at home.
People are using a disinfectant product named after Clorox to clean their home surfaces, cell phones, and laptops, but the company is benefiting from people who cook more at home instead of going out.
That’s because Clorox also owns the plastic bag brand Glad and the charcoal line Kingsford. Clorox’s household segment sales with these products increased by 39% over last year.
Devoted web lover. Food expert. Hardcore twitter maven. Thinker. Freelance organizer. Social media enthusiast. Creator. Beer buff.