Clorox Co
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Consumer Staples : Household Products | Mid Cap Blend
Company profile

The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Company operates through four segments: Cleaning, Household, Lifestyle and International. Its Cleaning segment consists of laundry, home care and professional products marketed and sold in the United States. Its Household segment consists of charcoal, cat litter and plastic bags, wraps and container products marketed and sold in the United States. Its Lifestyle segment consists of food products, water-filtration systems and filters, and natural personal care products marketed and sold in the United States. Its International segment consists of products sold outside the United States. It markets some of the consumer brand names, such as namesake bleach and cleaning products, Pine-Sol cleaners, Liquid-Plumr clog removers and Kingsford charcoal.

Closing Price
$197.52
Day's Change
1.97 (1.01%)
Bid
--
Ask
--
B/A Size
--
Day's High
199.28
Day's Low
194.74
Volume
(Heavy Day)
Volume:
1,740,088

10-day average volume:
1,348,784
1,740,088

Tilray losses expand as pandemic pot sales disappoint, stock falls 7%

4:21 pm ET August 10, 2020 (MarketWatch)
Print

Tilray Inc.'s (TLRY) cannabis sales did not grow as much as expected in the first full quarter of the COVID-19 pandemic, sending shares lower in after-hours trading Monday. The marijuana company Monday afternoon reported losses of $81.7 million, or 66 cents a share, on sales of $50.4 million, after posting a loss of 36 cents a share a year ago on revenue of $45.9 million. Analysts on average expected a loss of 32 cents a share on sales of $54.8 million. In its announcement, Tilray said that expanding losses were largely due to an impairment charge of $28.4 million and a revaluation of its inventory assets that cost it $18.6 million. Revenue declined sequentially, which management blamed on "pantry loading" in the final month of the previous quarter due to the pandemic, as well as issues with store closures and other changes in the retail channels. "With our significant cost cutting and balance sheet actions behind us, we have positioned Tilray to enter the second half of 2020 in a stronger position so we can remain focused on achieving profitable growth in all our markets and deliver break-even or positive Adjusted EBITDA in the fourth quarter of 2020," Chief Executive Brendan Kennedy said in Monday's announcement. Tilray shares dropped 7% in after-hours trading immediately following the release of the results. The stock has declined 53.5% so far this year, as the S&P 500 index has gained 4.9%.

-Jeremy C. Owens; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 10, 2020 16:21 ET (20:21 GMT)

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