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Halifax Regional Police release Dartmouth suspect’s name and photo | SaltWire #news #novascotia - Clorox Co raised its annual profit forecast on Tuesday after beating quarterly earnings expectations, banking on effects of price hikes taken to offset escalating costs.
Benefits of pricing and easing commodity costs helped the company boost its margins by 40 basis points to 42.2%. Excluding one-off items, Clorox earned $1.71 cents per share, topping analysts' estimate of $1.37 per share. "While we experienced short-term cyberattack-related supply constraints in a few areas, which impacted sales, we expect to fully restore lost distribution by the end of the fourth quarter," said Chief Executive Linda Rendle in a statement.
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