Fox Business Briefs: Disney’s three major streaming services Disney Plus, Hulu, and ESPN Plus are 100 million paid subscribers; Clorox says shopping shelves will not be full of disinfectant wipes until 2021.
Clorox CEO-elect Linda Rendle said Monday that the company is “making more disinfectant products than we have ever had” in an effort to stay abreast of demand during the coronavirus pandemic.
“Since January, we can make 100 million more disinfectant products than we did before. That’s a 50% increase,” said Rendle Robin Roberts of Good Morning America. “And specifically for cloths, we make nearly 1 million packages every day and ship them to stores.”
The company recently warned that store shelves will not be full of their products until next year, as the pandemic has led to a supply shortage.
CLOROX WIPES DISCOUNT EXPECTED TO CONTINUE UNTIL 2021 AS CORONAVIRUS DRIVES DEMAND
“Disinfectant wipes, which are the hottest items in the business at the moment, are likely to take longer because it is a very complex supply chain to make them,” outgoing CEO Benno Dorer told Reuters.
This July 15, 2011, stock photo shows Clorox brand products on the shelf of a supermarket in the East Village neighborhood of New York. (AP photo / Mary Altaffer, file)
To keep consumers informed when cleaning products are on sale, Rendle noted that there are many stores where customers can sign up online for reminders to find out when products are back in stock. , or allowing you to find stores with products in stock near you based on your zip code.
They also advise store managers to understand when shipments arrive in their stores so you can plan your shopping trip there.
In addition, Rendle said there are other products currently available on the company’s website, such as Clorox bleach, that customers can use as an alternative to disinfectant wipes.
“We have a lot of tips on how you can use that to disinfect surfaces around your home,” Rendle added.
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Clorox Co. reported a 21.9% gain in sales for the fiscal fourth quarter, as consumers in the pandemic stocked up on cleaning products. Sales in the Clorox health and wellness segment, which includes disinfectant products in addition to vitamins, increased 33 percent.
The company posted fiscal sales in the fourth quarter of $ 1.98 billion, up from $ 1.63 billion in the same period last year.
| Ticker | Security | Last | Change | Change% |
|---|---|---|---|---|
| CLX | CLOROX | 233.36 | -4.13 | -1.74% |
Rendle, a 17-year veteran of the company, will be promoted to CEO and elected to the company’s board in September, while Dorer will continue to serve as the executive chairman of the board.
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