The Clorox Company (CLX) Q1 2023 Earnings Call Transcript
The Clorox Company (NYSE:CLX) Q1 2023 Earnings Conference Call November 1, 2022 5:00 PM ET
Company Participants
Lisah Burhan - Vice President, Investor Relations
Linda Rendle - Chief Executive Officer
Kevin Jacobsen - Chief Financial Officer
Conference Call Participants
Peter Grom - UBS
Andrea Teixeira - JPMorgan
Dara Mohsenian - Morgan Stanley
Chris Carey - Wells Fargo
Javier Escalante - Evercore
Anna Lizzul - Bank of America
Jason English - Goldman Sachs
Kaumil Gajrawala - Credit Suisse
Lauren Lieberman - Barclays
Stephen Powers - Deutsche Bank
Kevin Grundy - Jefferies
Operator
Good day, ladies and gentlemen and welcome to The Clorox Company First Quarter and Fiscal Year 2023 Earnings Release Conference Call. [Operator Instructions] As a reminder, this call is being recorded. I would now like to introduce your host for today’s call Ms. Lisah Burhan, Vice President of Investor Relations of The Clorox Company. Ms. Burhan, you may begin your conference.
Lisah Burhan
Thank you, Ross. Good afternoon and thank you for joining us. On the call with me today are Linda Rendle, our CEO; and Kevin Jacobsen, our CFO. I hope everyone has had a chance to review our earnings release and prepared remarks, both of which are available on our website. In just a moment, Linda will share a few opening comments and then we will take your questions.
During this call, we may make forward-looking statements, including about our 2023 fiscal year outlook. These statements are based on management’s current expectations, but may differ from actual results or outcomes. In addition, we may refer to certain non-GAAP financial measures. Please refer to the forward-looking statements section, which identifies various factors that could affect such forward-looking statements, which has been filed with the SEC. In addition, please refer to the non-GAAP financial information section of our earnings release and the supplemental financial schedule in the Investor Relations section of our website for a reconciliation of non-GAAP financial measures to the most directly comparable GAAP measures.
Now, I will turn it over to Linda.
Linda Rendle
Hello, everyone and thank you for joining us. While the challenging and volatile global operating environment we discussed last quarter persist, we delivered better than expected Q1 results, reflecting the strength of our brands, ongoing consumer loyalty and solid execution. During the quarter, we maintained our unrelenting focus on rebuilding margin by taking additional inflation-driven pricing, delivering cost savings, optimizing our supply chain and implementing our new operating model. At the same time, we continue to invest in our brands to deliver consumer-inspired innovation with superior value as well as advance our digital transformation to drive top line momentum and position the company for long-term success.