Clorox reports q3 fiscal year 2020 results, updates fiscal year outlook

Clorox reports q3 fiscal year 2020 results, updates fiscal year outlook.sees fy 2020 earnings per share $6.70 to $6.90.q3 earnings per share $1.89.q3 earnings per share estimate $1.67 -- refinitiv ibes data.qtrly net sales $1.78 billion versus $1.55 billion.sees 4% to 6% sales growth (6% to 8% organic sales growth) for 2020.sees $6.70 to $6.90 diluted eps range for 2020.updated 2020 outlook continues to assume about 2 points of foreign exchange headwinds.clorox - 2020 gross margin now expected to be up strongly, reflecting benefit of operating leverage driven by sales momentum, cost savings initiatives.advertising and sales promotion spending is expected to be about 10% of sales for 2020.qtrly sales increased 15%, driven by 18 points of volume growth due to higher demand for products across co's portfolio in face of pandemic.2020 outlook assumes minimal supply chain disruptions for remainder of fiscal year.fy2020 earnings per share view $6.57, revenue view $6.42 billion -- refinitiv ibes data.clorox - qtrly cleaning segment sales up 32%.clorox - qtrly cleaning segment sales were up behind double-digit shipment increases in all business units.clorox - increased consumer demand for cleaning segment in quarter also drove higher household penetration on co's retail brands.clorox - qtrly international sales increased behind double-digit volume growth in every geographic region.
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