Q3 2026 Clorox Co Earnings Call Transcript
Key Points
- Clorox Co (CLX) successfully completed the ERP implementation, which is expected to enhance operational efficiency and execution.
- The Cleaning business continues to perform well, with strong innovation and market share gains despite a competitive environment.
- International operations are showing strength, with significant progress in the Glad business and improved distribution.
- Innovation efforts, particularly in the Clorox PURE allergen platform, have been well-received, with strong distribution and consumer engagement.
- The acquisition of GOJO is expected to be strategically beneficial, providing growth exposure in health and hygiene and is anticipated to be EBITDA neutral in the first year.
- Third-quarter results were mixed and fell short of expectations, with slower-than-anticipated improvement in some business areas.
- Gross margin was below expectations due to higher-than-expected supply chain costs and delayed cost savings.
- The Litter business is experiencing slower progress than expected, with challenges in shelf placement and consumer transition to new products.
- The Food category faced a mid-single-digit decline, with high promotional intensity and competitive discounting impacting performance.
- Rising inflation and oil-related costs present significant headwinds, with uncertainty about the impact on fiscal year 2027.
Good day, ladies and gentlemen, and welcome to The Clorox Company Q3 FY26 earnings release conference call. (Operator Instructions) As a reminder, this call is being recorded.
I would now like to introduce your host for today's conference call, Ms. Lisah Burhan, Vice President of Investor Relations for The Clorox Company. Ms. Burhan, you may begin your conference.
Thank you, Jen. Good afternoon, and thank you for joining us. On the call with me today are Linda Rendle, our Chair and CEO; and Luc Bellet, our CFO. Please note that our earnings release and prepared remarks are available on our website at thecloroxcompany.com. Linda will share a few opening comments, and then we'll take your questions.
During this call, we may make forward-looking statements, including about our fiscal 2026 outlook. These statements are based on management's current expectations but may differ from actual results or outcomes.
In addition, we may refer to certain non-GAAP financial measures.
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