Clorox’s Outlook Hit as Software Change Disrupts Orders

Clorox Co.’s full-year outlook came in below expectations as a switch in the company’s key operational software changed retailers’ purchasing patterns.

Earnings, less some items, are expected to be $5.95 to $6.30 per share in the current fiscal year that began in July, the company said in a statement. Analysts had expected $6.44 per share. At the same time, sales and earnings in the company’s fiscal fourth quarter were higher than Wall Street expected due to retailers buying more goods ahead of the change.