Clorox Q1 Earnings Preview: Shareholders Hope for Soft Landing
Clorox (NYSE: CLX) is set to report fiscal 2022 first-quarter results on Nov. 1. Shareholders will be hoping for a lower-than-expected fall in sales when the company releases its data.
The company experienced a surge in revenue at the onset of the pandemic as customers stocked up on its cleaning products. However, as more folks are getting vaccinated, the fear of contracting COVID-19 has decreased to some degree, and people are buying less of Clorox's cleaning products compared to last year.
How is this macroeconomic change affecting this consumer staples stock and has Clorox management found a way to adjust to it? Let's preview what might be reported on Monday.
Source Fool.com
