Company: CLX
Filing Date: 2025-02-03
Form Type: 10-Q
Source: 0000021076-25-000013
Chunk: 91

Company: CLOROX CO /DE/
Filing Date: 2025-02-03
Form: 10-Q
Item: Part I, Item 8
Chunk 91
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 Management believes that the presentation of organic sales growth / (decrease) is useful to investors because it excludes sales from any acquisitions and divestitures, which results in a comparison of sales only from the businesses that the Company was operating and expects to continue to operate throughout the relevant periods, and the Company’s estimate of the impact of foreign exchange rate changes, which are difficult to predict and out of the control of the Company and management.

The following table provides a reconciliation of organic sales growth / (decrease) (non-GAAP) to net sales growth / (decrease) (GAAP), the most comparable GAAP measure:

Three months ended December 31, 2024Percentage change versus the year-ago periodHealth and WellnessHouseholdLifestyleInternationalTotal Company (1)Net sales growth / (decrease) (GAAP)(13)%(11)%(16)%(12)%(15)%Add: Foreign Exchange— — — 2 — Add/(Subtract): Divestitures / Acquisitions (2)— — — 16 6 Organic sales growth / (decrease) (non-GAAP)(13)%(11)%(16)%6 %(9)%Six months ended December 31, 2024Percentage change versus the year-ago periodHealth and WellnessHouseholdLifestyleInternationalTotal Company (1)Net sales growth / (decrease) (GAAP)8 %8 %4 %(8)%2 %Add: Foreign Exchange— — — 2 — Add/(Subtract): Divestitures / Acquisitions (2)— — — 14 5 Organic sales growth / (decrease) (non-GAAP)8 %8 %4 %8 %7 %

(1)Total Company includes Corporate and Other.

(2)The divestiture impact is calculated as net sales from the Argentina and Better Health VMS businesses after the respective sale dates in the three and six month year-ago periods. 

32

CAUTIONARY STATEMENT

This Report, including the exhibits hereto and the information incorporated by reference herein, contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, among others, statements regarding the expected or potential impact of the Company’s operational disruption stemming from a cyberattack