CLX

AI Research

GOJO acquisition secured; Q2 EPS misses at $1.39 vs $1.43 on value-seeking consumers

Clorox secured new credit facilities for its GOJO Industries acquisition on March 10, 2026, strengthening its health and hygiene portfolio. Q2 FY2026 EPS of $1.39 missed estimates of $1.43, though revenue of $1.67B beat expectations by 1.83%, with consumer value-seeking behavior and a government shutdown weighing on demand early in the quarter. The company expects flat gross margins in Q3 with potential expansion in Q4, targeting return to 2-2.5% historical growth rates; Citi, Wells Fargo, and Barclays maintain Hold/Sell ratings.