Clorox Raises 2016 Earnings Forecast - Quick Facts

(RTTNews) - The Clorox Company (CLX) announced the company now anticipates fiscal year 2016 EPS from continuing operations in the range of $4.75 to $4.90 versus the company's previous outlook of $4.68 to $4.83. Clorox now anticipates EBIT margin expansion in the range of 50 to 75 basis points.

Clorox continues to anticipate delivering flat to 1 percent sales growth, which reflects about 3 points of incremental sales growth from product innovation for the fiscal year. The company continues to anticipate fiscal year sales to reflect an increase in trade promotion investments to address expected competitive activity in key categories.