Company: CLX
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000021076-25-000023
Chunk: 97

Company: CLOROX CO /DE/
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 8
Chunk 97
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 normal operating expenses.

34

NON-GAAP FINANCIAL MEASURES (Continued)

Organic sales growth / (decrease) is defined as net sales growth / (decrease) excluding the effect of foreign exchange rate changes and any acquisitions and divestitures. 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 March 31, 2025Percentage change versus the year-ago periodHealth and WellnessHouseholdLifestyleInternationalTotal Company (1)Net sales growth / (decrease) (GAAP)3 %(11)%(3)%(15)%(8)%Add: Foreign Exchange— — — 3 1 Add/(Subtract): Divestitures / Acquisitions (2)— — — 14 5 Organic sales growth / (decrease) (non-GAAP)3 %(11)%(3)%2 %(2)%Nine months ended March 31, 2025Percentage change versus the year-ago periodHealth and WellnessHouseholdLifestyleInternationalTotal Company (1)Net sales growth / (decrease) (GAAP)7 %1 %2 %(11)%(1)%Add: Foreign Exchange— — — 3 — Add/(Subtract): Divestitures / Acquisitions (2)— — — 14 5 Organic sales growth / (decrease) (non-GAAP)7 %1 %2 %6 %4 %

(1)Total Company includes Corporate and Other. Corporate and Other includes the results of the Better Health VMS business through the date of divestiture.

(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 nine month year-ago periods. 

35

CAUTIONARY STATEMENT

This Report, including the exhibits her