"Clorox's Strong Q2 Performance Boosts Sales and Stock Soars"
Clorox reported a 16% increase in net sales to $1.99 billion for the second quarter of fiscal year 2024, driven by higher volume and favorable price mix, despite a 6% decrease in diluted net earnings per share. The company's operational recovery from a cyberattack was highlighted, with progress in rebuilding retailer inventories and delivering cost savings. Clorox updated its fiscal year 2024 outlook, expecting a low single-digit decrease in net sales, a 200 basis points increase in gross margin, and diluted EPS between $3.06 and $3.26.