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北京时间·🕒 发布 04:14:05时区推断·⟳ 抓取 04:14:13·⚡ 决策 08-04 12:21:15 +8h07m·84.2 天前
高乐氏给出2027财年销售和EPS展望，增长主要来自GOJO并表
2027财年净销售预计增长13%-14%，约9.5个百分点来自GOJO收购，内生销售预计仅增长3.5%-4.5%。
📄 原文Seeking Alpha↗ 原文
Clorox Non-GAAP EPS of $1.66 beats by $0.01, revenue of $1.95B beats by $40M
The following are the key drivers of the company's fiscal year 2027 outlook: - Net sales are expected to be up 13% to 1…
不做 Clorox（CLX.US）
同一FY2027指引催化已处理，且本条净影响为销售并表利好与EPS中点低于共识并存，缺少可执行单边edge。
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研究档案
🔎 新鲜度:最早出现 2026-08-03 · 扩散 high · price-in 风险 high ↗
消息传播链
- Seeking Alpha转述Clorox 2027财年销售、毛利率和EPS指引细节。
关键理由
- 2027财年净销售预计增长13%-14%，约9.5个百分点来自GOJO收购，内生销售预计仅增长3.5%-4.5%。
- 调整后EPS指引5.70-6.00美元，区间中点5.85美元低于5.95美元一致预期，毛利率约42%且仍受通胀和负面组合影响。
- 已处理库命中08-03 20:16 UTC以来同一FY2027指引催化，系统已有不做结论。
主要风险
- 利润指引质量偏弱但幅度不构成大幅盈利基线下修，未达到自动风控风险行门槛。
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原文全文
展开原文 · 1,623 字
The following are the key drivers of the company's fiscal year 2027 outlook:
- Net sales are expected to be up 13% to 14% vs 13.21% consensus compared to the prior year, including about 9.5 points of benefit from the GOJO acquisition. Organic sales are expected to increase about 3.5% to 4.5%, including more than 3.5 points of benefit from lapping the ERP-related drawdown in the prior fiscal year.
- Gross margin is expected to be about 42%, reflecting higher-than-normal inflationary headwinds and negative mix more than offsetting the benefits from cost savings. This includes about 20 basis points of negative impact primarily related to the GOJO inventory step-up.
- Selling and administrative expenses are expected to be about 16% of net sales. This includes about 40 basis points of negative impact from GOJO transaction-related costs.
- Advertising and sales promotion spending is expected to be about 10% of net sales. This assumes over 11% of net sales for its retail businesses.
- The company's effective tax rate is expected to be about 23%.
- Diluted EPS is expected to be between $5.41 and $5.71, a year-over-year increase of 12% to 19%, respectively. This includes about 29 cents of impact from transaction-related costs associated with the GOJO acquisition, which are expected to flow through cost of goods sold as well as selling and administrative expenses.
- Adjusted EPS is expected to be between $5.70 and $6.00 vs $5.95 consensus, or an increase between 3% and 8%, respectively. These growth rates include the benefit of lapping the inventory drawdown related to the ERP transition in the prior year.
- Net sales are expected to be up 13% to 14% vs 13.21% consensus compared to the prior year, including about 9.5 points of benefit from the GOJO acquisition. Organic sales are expected to increase about 3.5% to 4.5%, including more than 3.5 points of benefit from lapping the ERP-related drawdown in the prior fiscal year.
- Gross margin is expected to be about 42%, reflecting higher-than-normal inflationary headwinds and negative mix more than offsetting the benefits from cost savings. This includes about 20 basis points of negative impact primarily related to the GOJO inventory step-up.
- Selling and administrative expenses are expected to be about 16% of net sales. This includes about 40 basis points of negative impact from GOJO transaction-related costs.
- Advertising and sales promotion spending is expected to be about 10% of net sales. This assumes over 11% of net sales for its retail businesses.
- The company's effective tax rate is expected to be about 23%.
- Diluted EPS is expected to be between $5.41 and $5.71, a year-over-year increase of 12% to 19%, respectively. This includes about 29 cents of impact from transaction-related costs associated with the GOJO acquisition, which are expected to flow through cost of goods sold as well as selling and administrative expenses.
- Adjusted EPS is expected to be between $5.70 and $6.00 vs $5.95 consensus, or an increase between 3% and 8%, respectively. These growth rates include the benefit of lapping the inventory drawdown related to the ERP transition in the prior year.
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