Clorox names longtime executive its new CEO, as company beats estimates on pandemic-led demand


Adam Jeffery | CNBC

Clorox beat market estimates for quarterly net sales on Monday, as U.S. households spent more on disinfectant and other cleaning products due to the Covid-19 pandemic.

The company, which makes bleach and a wide range of household cleaning sprays and disinfectants, also said President Linda Rendle would be its chief executive officer effective Sept. 14, replacing Benno Dorer.

Clorox said net sales rose to $1.98 billion from $1.63 billion in the fourth quarter ended June 30, beating Wall Street expectations of $1.87 billion, according to IBES data from Refinitiv.

Products You May Like

Articles You May Like

Stocks making the biggest moves in the premarket: Nikola, Illumina, Oracle, Walmart & more
Op-ed: Markets are up and the economy is down. Here are some moves investors can make
Actors Ryan Reynolds and Rob McElhenney are in talks to buy a Welsh soccer club
Emmys 2020: Get ready for a different kind of awards show
Retailers have started paying rent again but are still fighting with their landlords

Leave a Reply

Your email address will not be published. Required fields are marked *