OAKLAND — The Clorox Company
recently reported first quarter earnings of $216 million for fiscal year 2010, according to a press release.
The quarterly earnings were higher than the $157 million earned in the year-ago quarter, the release stated.
Net sales for the period were $1.27 billion, down slightly when compared to the $1.3 billion in net sales for the first quarter of fiscal year 2009, the release noted.
Don Knauss, chairman and chief executive officer (CEO) of The Clorox Company, said: "We faced a challenging economic environment, as evidenced by category softness in the U.S. along with the impact of the Venezuela currency devaluation. Late first quarter shipments were particularly soft, and that trend has continued into the first weeks of our second quarter."
Gross profit from the period that ended on September 30, 2010, was $561 million, a decline from the $583 million in profit from the quarter ending one year prior, the release added.
Click here to read the complete release.