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Clorox bets on strong inventory to help overcome cyber attack hit

Clorox expects to rebuild its inventory by the end of Q4, after a cyberattack in August disrupted its order fulfillment system for over a month. Its Q1 profit of $0.49, benefiting from multiple price hikes, exceeded market expectations. However, annual profit and revenue forecasts were impacted, as competitor brands took some market share during a September shortage. Despite these setbacks, Clorox predicts Q2 sales to rise due to restocking efforts.

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