Clorox shares rise 6.7% in extended trading as company reports $1.99bn Q2 sales, rebounding from cyberattack with 16% growth.

Clorox shares increased 6.7% in extended trading after the bleach and cleaning products maker reported a rebound from the 2023 cybersecurity attack that disrupted its operations. Fiscal second-quarter sales reached $1.99 billion, a 16% increase from the same period the previous year. Clorox attributed the increase to higher volume, as the company rebuilt customer inventories following the cybersecurity attack, and a favorable price mix, partially offset by unfavorable foreign-exchange rates. The company's recovery plan is ahead of schedule, according to CEO Linda Rendle.

February 01, 2024
9 Articles

Further Reading