Why Clorox Sales Tumbled 12% This Week

·2 min read
Why Clorox Sales Tumbled 12% This Week

Shares of Clorox (NYSE: CLX) tumbled 12.6% this week compared to where they closed last Friday, according to data from S&P Global Market Intelligence. As consumers view the COVID-19 pandemic as being more in the rearview mirror, the need to clean every surface with a disinfecting wipe is fading. Clorox no longer needs the third-party contract manufacturers it brought in at the height of the COVID-19 frenzy when bleach, wipes, and disinfecting spray were in such demand you couldn't find them on store shelves.

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