Clorox Now Expects FY24 Net Sales To Be Down Mid- To High Single Digits, Updated To Reflect Impact From Cyberattack Vs. Previous Expectation Of Sales That Are Flat To Up 2%
Portfolio Pulse from Benzinga Newsdesk
Clorox has revised its FY24 net sales forecast to a mid- to high single-digit decrease, due to the impact of a recent cyberattack. This is a change from its previous expectation of flat to 2% growth.
November 01, 2023 | 9:10 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Clorox's FY24 net sales are now expected to decrease by mid- to high single digits due to a cyberattack, a revision from its previous forecast of 0-2% growth.
The cyberattack on Clorox has led to a significant revision in its FY24 net sales forecast. This negative news is likely to impact investor sentiment and could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100