Clorox Profit Doubles on Pandemic-Fueled Sales Spike
The need to disinfect every surface during the coronavirus pandemic has sales surging at Clorox (NYSE: CLX), which reported double-digit sales growth across all of its business units in its fiscal 2021 first quarter Monday.
Demand for its cleaning products has been monumental, and despite bringing on contract manufacturers to help produce more product, Clorox says disinfecting wipes will remain in short supply until 2021.
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Source Fool.com