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Clorox ‘off to a good start’ in first quarter
Clorox saw volume for the first quarter ended Sept. 30 increase 1%, primarily driven by gains in the company's professional products, charcoal, laundry and Burt's Bees businesses, which were partially offset by declines in home care.
Sales grew 2%, with increases in three out of four segments, reflecting the benefit of price increases, higher volume and favorable mix and assortment, partially offset by unfavorable foreign currency exchange rates. Excluding the impact of foreign currencies, sales grew 3.5%.
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The Container Store makes public debut on New York Stock Exchange
New York -- The Container Store on Friday, Nov. 1, began trading on the New York Stock Exchange, under the ticker symbol “TCS.” Expectations were high: On Thursday, the retailer set its IPO price at $18 per share, higher than the originally-expected range of $14 to $16 per share.
The company is offering all 12.5 million shares of common stock, with an additional 1.9 million shares 30-day purchase option for the underwriters.