Clorox Lowers Sales Outlook as Consumers Cut Back on Shopping

(kacanginka) — Clorox Co. lowered to top end of its full-year sales outlook as the worsening economic backdrop saw consumers cut back on spending.

Sales will now grow 4% to 5% on an organic basis for the 2025 fiscal year, which ends in June, the company said in a statement. Previously, Clorox saw growth of 4% to 7%, while analysts had forecast 5.4%.

“In the third quarter, heightened macroeconomic uncertainties drove changes in shopping behaviors, resulting in temporary category slowdowns and lower sales,” Chief Executive Officer Linda Rendle said in the statement. “We expect these slowdowns to persist in the fourth quarter.”

The worsening outlook from Clorox — which also sells products under Hidden Valley and Burt’s Bees brands — mimics peers Proctor & Gamble Co. and Colgate-Palmolive Co., both of
which
lowered
expectations
for the year last month, citing decreased demand from increasingly wary US consumers and high costs from tariffs.

The revised outlook also includes changes to the expected impact from the company’s strategic transformation. Excluding those items, organic sales would be up around 2%.

Shares for Oakland-based Clorox fell 5.1% in postmarket trading. It was down 15% through the close Monday, over four-times more than declines for the S&P 500 Index over that time.