Clorox Co

CLX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$445.00	Kvfb	Yxgnhfdgf

Clorox: Cybersecurity Breach Strangled Results, but Shares Still a Bargain

Erin Lash

Oct 5, 2023

On Oct. 4, Clorox issued preliminary first-quarter results, which are estimated to include an organic sales decline of 21% to 26% and an adjusted EPS loss of $0.40 to flat. This dismal performance reflects the fact that the firm’s operations were shackled by a cybersecurity breach in August that prompted it to take some information technology systems (including ordering) offline, though it resumed automated processes in September and is working to rebuild retailer inventory levels.

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