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Clorox bets on strong inventory to help overcome cyber attack hit

After a cyberattack in August disrupted its operations, Clorox expects to restore customer inventory levels by the end of the current quarter. The company’s shares rose 6% in extended trading as it reported higher-than-expected Q1 revenue and a surprise profit, benefiting from price hikes in recent years. Despite this, the attack adversely affected annual profit forecasts and market share. Clorox now anticipates an annual adjusted profit of $4.30 to $4.80 per share, down from its initial projection of $5.60 to $5.90.

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