Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul class="summary-list"><li><keyword id="875751" type="ORGANIZATION" weightage="60" keywordseo="Clorox">Clorox</keyword> may raise prices in response to elevated supply costs, CEO <keyword id="11187262" type="UNKNOWN" weightage="60" keywordseo="linda-rendle">Linda Rendle</keyword> told CNBC.</li><li>Rendle said she expects higher costs to persist "over the mid-term" due to <keyword id="22195" type="COMPANY" weightage="60" keywordseo="Inflation">inflation</keyword>.</li><li>Clorox's January-through-March earnings fell 126% from 2020 to 2021.</li></ul><a href="https://www.businessinsider.com/category/clorox">Clorox</a> may raise prices for some products in response to increasing costs for key supplies like resin, Clorox CEO Linda Rendle said during a Friday interview with <a href="https://www.cnbc.com/2021/04/30/clorox-weighs-product-price-increases-to-counter-inflationary-costs.html">CNBC</a>."We do need to address the cost environment that we're experiencing," Rendle said. "We're seeing costs across many inputs rise."Rendle added that transportation is also becoming more expensive. The Clorox CEO said she expects to see higher costs "over the mid-term" due to inflation."We are seeing an inflationary environment that we expect to persist well beyond a quarter," she said.But if Clorox does decide to raise prices, the company won't necessarily do so across the board."We're being very measured and taking that in a category-by-category approach," Rendle said.Rendle also suggested Clorox would look to cost cuts, including the elimination of short-term expenses spurred by the COVID-19 pandemic, and innovation to help the company respond to elevated costs.Clorox is one of many companies that have <a href="https://www.businessinsider.com/everything-that-could-get-more-expensive-in-2021-inflation-2021-3#coffee-a-drought-in-brazil-and-congested-shipping-ports-are-causing-the-us-to-run-low-on-coffee-5">warned that prices might rise</a> as the economy reopens after the coronavirus pandemic. Items from bikes to cars to imported cheese are <a href="https://www.businessinsider.com/more-expensive-goods-supply-shortage-congested-shipping-ports-texas-freeze-2021-3">going to cost more</a> this year because of snarled supply chains, backlogged ports, and the return of inflation.On Friday, Clorox reported that its earnings during the first three months of the year fell 126% compared to the same period in 2020. The company lost $0.49 per share between January and March, down from a $1.89 per share gain in the first three months of 2020. Part of the slide came from a $329 million write-down of assets in the company's vitamins, minerals, and supplements business. The impairment charge cut Clorox's per-share earnings by $2.11.During her interview with CNBC, Rendle said she expects acquisitions Clorox have made in the vitamins, minerals, and supplements segment to boost Clorox's revenue and profits in the long run, despite the disappointing short-term results."We're confident that we can get these to a place where they're growth and profit accretive for the company over time, " Rendle said.Despite Clorox's earnings slide, the company's stock price rose 2% on Friday to $183.

Clorox might boost prices in response to rising supply costs

<ul class="summary-list"><li>Clorox's Kingsford raised prices on charcoal early this year as it prepared for grilling season.</li><li>But consumers bought cheaper brands instead, leading to market share losses for Kingsford.</li></ul>The company that owns Kingsford charcoal just got burned by its own price increases.Like many consumer products makers, Clorox raised prices during the last quarter, <a href="https://www.reuters.com/markets/us/clorox-rethinks-strategy-kingsford-charcoal-ahead-summer-grilling-season-2023-05-02/" target="_blank" rel="noopener">Reuters reported on Tuesday.</a> That included price hikes on Kingsford, Clorox's charcoal brand, CFO Kevin Jacobsen told Reuters. There was just one problem: Competitors, including store brands at retailers like Walmart, didn't increase prices as fast, Jacobsen said. According to Reuters, eight pounds of Kingsford Original Charcoal briquettes, for instance, cost $7.92 on Walmart's website this week. But for four cents less, shoppers could get 16 pounds of charcoal if they bought Walmart's Expert Grill brand instead.As a result, Kingsford lost market share to competitors, Jacobsen told Reuters.Now, the brand is working "with retailers to better feature the product in stores" before Memorial Day. Jacobsen said that half of Kingsford's annual sales happen in the three months through the end of June. "You don't get it right in every country, every category," he said. "We're going back and making some adjustments."A Kingsford spokesperson did not clarify what that action would involve and directed Insider to executives' remarks on Clorox's earnings call. CEO Linda Rendle told analysts on the company's earnings call on Tuesday that Kingsford is "laser-focused on any price gap issues that we have." Prices have been rising on consumer goods from cereal to cosmetics since the early days of the pandemic. Lately, the supply chain troubles that led to many of those early price increases have abated, but many companies <a href="https://www.businessinsider.com/why-prices-inflation-soaring-corporate-greed-profits-margins-wages-jobs-2023-4">have continued to raise prices,</a> increasing their profits even if sales volumes don't go up. The phenomenon, called "greedflation," is particularly obvious among prices for food and related goods. A recent survey found that 80% of consumers think that companies are using inflation <a href="https://www.businessinsider.com/shoppers-blame-greedflation-pepsico-nestle-raise-food-prices-2023-4">"as an excuse to hike prices"</a> beyond their input costs.

A charcoal brand's failed price hikes are a perfect example of 'greedflation' gone wrong

<ul class="summary-list"><li><keyword id="875751" type="ORGANIZATION" weightage="60" keywordseo="Clorox">Clorox</keyword> fell as much as 12.1% on Tuesday after the company reported a steep earnings miss and lowered guidance.</li><li>Sales for the company's most recent fiscal quarter came in at $1.8 billion, well below sales a year prior and $100 million short of analyst expectations.</li><li>With the pandemic subsiding, Clorox expects both sales and earnings per share to fall as consumers pull back on buying cleaning supplies. </li></ul>Clorox fell as much as 12.1% on Tuesday after the company reported a steep earnings miss and revised down its guidance amid a post-pandemic decline in demand for cleaning supplies.The stock fell briefly below $160 before paring back some of its losses later in the day. Clorox had been trading near $180 on Monday before the pre-market earnings announcement."As we head into fiscal year 2022, we're laser focused on operational execution, rebuilding our margins, and driving market share improvements in this dynamic environment," CEO Linda Rendle said in a statement.Sales for the company's most recent fiscal quarter came in at $1.8 billion, well below sales a year prior and $100 million short of analyst expectations. Adjusted earnings per share were at 95 cents, versus an expected $1.32. The weak quarterly performance was accompanied by pessimistic guidance for the coming fiscal years. With the pandemic subsiding, Clorox expects both sales and EPS to fall as consumers pull back on buying cleaning supplies. Still, the company announced $500 million over five years in fresh investment, with a focus on building out its digital channels and cutting costs. Clorox has nearly doubled its e-commerce business in the last two years, though it is still in the early stages, Rendle said.Clorox closed at $164.30 on Tuesday, down 9.3% on the day.

Clorox tumbles 12% as the company misses on earnings and projects a post-pandemic decline in demand for cleaning supplies

<ul class="summary-list"><li>Dick's Sporting Goods recently <a href="https://www.businessinsider.com/ed-stack-dicks-sporting-goods-steps-down-lauren-hobart-2020-11">announced</a> Lauren Hobart would become the company's CEO, raising the number of women leading Fortune 500 companies to 41.</li><li>Her appointment follows news of other women taking the helm at top companies, like Karen Lynch at CVS Health, Jane Fraser at Citigroup, and Linda Rendle at Clorox. </li><li>Yet, only three women on the list of Fortune 500 female <keyword id="6407546" type="UNKNOWN" weightage="60" keywordseo="ceos">CEOs</keyword> are women of color, according to Fortune. </li></ul>The number of CEOs of Fortune 500 companies who are women has reached a new record.Last week, Dick's Sporting Goods <a href="https://www.businessinsider.com/ed-stack-dicks-sporting-goods-steps-down-lauren-hobart-2020-11">announced</a> that Lauren Hobart, the company's president of three years, would take the helm as CEO. She is replacing Ed Stack, who's held the position since 1984 and whose father founded Dick's in 1948. Hobart's appointment brings the number of women CEOs of Fortune 500 companies to 41 surpassing the previous record high of 40, <a href="https://fortune.com/2020/11/24/dicks-sporting-goods-new-ceo-lauren-hobart-women-in-business/">Fortune reported</a>. Hobart joins a number of other women who've recently been named CEO, like Karen Lynch at CVS Health, Jane Fraser at Citigroup, and Linda Rendle at Clorox. Despite the recent progress, roughly 8% of all Fortune 500 companies are led by women. And only three women on the list of Fortune 500 CEOs are women of color: Sonia Syngal, the CEO of Gap, Lisa Su, the CEO of Advanced Micro Devices, and Joey Wat, the CEO of Yum China.According to McKinsey and Lean In's most recent "<a href="https://www.mckinsey.com/featured-insights/diversity-and-inclusion/women-in-the-workplace">Women in the Workplace</a>" report, the number of women in the C-suite grew from 17% to 21% between January 2015 and January 2020. As the researchers write, "Women remained dramatically underrepresented — particularly women of color — but the numbers were slowly improving." To increase the number of Black women and women of color in executive <keyword id="34454" type="ORGANIZATION" weightage="60" keywordseo="leadership">leadership</keyword> positions, diversity, equity, and inclusion <a href="https://www.businessinsider.com/black-employees-barriers-to-c-suite-executive-roles-racism-diversity-2020-6">strategists recommend</a> companies to review hiring practices, increase sponsorship opportunities for people from marginalized backgrounds, and to hold managers accountable to diversity goals. McKinsey <a href="https://www.mckinsey.com/featured-insights/diversity-and-inclusion/diversity-wins-how-inclusion-matters">research</a> shows companies with more gender and ethnic diversity in the C-suite outperform those that are less diverse.

You Searched For "linda rendle" and got 4 results

Clorox might boost prices in response to rising supply costs

Mark Matousek

A charcoal brand's failed price hikes are a perfect example of 'greedflation' gone wrong

Alex Bitter

Clorox tumbles 12% as the company misses on earnings and projects a post-pandemic decline in demand for cleaning supplies

Ethan Wu

There are now more women CEOs of Fortune 500 companies than ever before — but the numbers are still distressingly low

Marguerite Ward

Popular Keywords

Buying Guides