Clorox Stock Sinks After Outlook Cut: Why the Bleach Maker’s Profit Squeeze Isn’t Over
Clorox shares dropped 9.7% to $87.11 Friday, after the household-products company pared back its profit forecast for the year. The move is the latest blow for Clorox, which is still contending with elevated supply-chain expenses and lagging market-share gains in some segments.