Chair and CEO Linda Rendle on Q3 FY25 performance and outlook
By Linda Rendle, Chair and CEO
We just reported our third-quarter financial results, where heightened macroeconomic uncertainties drove changes in shopping behaviors, resulting in temporary category slowdowns and lower-than-expected sales.
Despite these headwinds, our fundamentals remain strong as we held overall market shares and delivered our 10th consecutive quarter of gross margin expansion, which enables us to keep reinvesting in our brands, in our innovation pipeline, and in the transformation of our business. We’ll continue adapting to this dynamic landscape to ensure we’re offering relevant products at the right format and price point to meet consumers’ needs in both good and challenging times.
We also continue to make steady progress against our transformation strategy and are on track to implement the U.S. version of our enterprise resource planning system later this calendar year. This will build a more strategic, integrated environment across our business functions, enhancing the agility and efficiency needed to serve customers and consumers even better in the long term.
As we look ahead, while we anticipate consumers and retailers will remain under pressure, we’re confident in our ability to navigate the short term with our portfolio of strong brands and the essential role they play in consumers’ daily lives. Our proven resilience and actions equip us to stay flexible amid uncertainty as we deliver organic sales growth and another year of strong earnings growth this fiscal year while advancing our long-term IGNITE strategy.
I’d like to thank all of our Clorox teammates around the world for their perseverance and commitment to our company and our stakeholders. Your dedication is strengthening our company for the future.