Tags: clorox | cleaning | forecast | demand

Bleach Maker Clorox Raises Forecast as Cleaning Boom Drives Demand

bottles of clorox bleach on shelf
(Dreamstime)

Thursday, 04 February 2021 07:26 AM EST

Clorox Co raised its full-year profit and sales forecasts on Thursday, as households kept up their heightened cleaning regimen with COVID-19 cases surging in the United States and stocked more of its disinfecting products.

To keep up with the pandemic-fueled demand for bleaches, wipes, and cleaners, Clorox has been running its factories round the clock, using third-party suppliers, and even transporting products via air.

The company said it expects fiscal 2021 organic sales to rise in the range of 10% to 13%, compared with a prior forecast of a 5% to 9% increase.

The company also said it expects full-year earnings per share to be between $8.05 and $8.25, compared with a prior forecast of $7.70 to $7.95.

Its net sales rose to $1.84 billion in the second quarter ended Dec. 31 from $1.45 billion a year earlier, beating the average Wall Street estimate of $1.75 billion, according to IBES data from Refinitiv.

Shares of the company rose 1% in low volumes in premarket trading. 

© 2025 Thomson/Reuters. All rights reserved.


StreetTalk
Clorox Co raised its full-year profit and sales forecasts on Thursday, as households kept up their heightened cleaning regimen with COVID-19 cases surging in the United States and stocked more of its disinfecting products...
clorox, cleaning, forecast, demand
165
2021-26-04
Thursday, 04 February 2021 07:26 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved