Chlorox cuts the annual sales forecast as consumer demand weakens in the midst of economic uncertainty

(Reuters) -Clorox on Monday its annual sales forecast, as the laundering manufacturer saw a weak demand for the consumer in the context of the economic uncertainty promoted by the tariffs of the President of the United States, Donald Trump.

Exposure to the company at the rates was limited, with a percentage of raw materials from a digit that is obtained from Mexico and Canada, but the fears of a recession derived from a world trade war have made customers more cautious about spending.

“Increased macroeconomic uncertainties caused changes in the purchase behaviors, leading to the slowdown of temporary categories and lower sales. We hope that these slowdown will persist in the fourth quarter,” said CEO Linda Rendle.

Net chlorox sales dropped by 8% to $ 1.67 billion for a year now, which lacked $ 1.73 million analysts, according to data collected by LSEG.

The company provides that annual net sales will drop by 1% to Plan, compared to its previous objective of 1% up to 2% up to 2%.

A tight way, Chlorox obtained a profit of $ 1.45 per action, compared to the estimates of $ 1.57 analysts per action.

Companys, including Pampers Maker Procter & Gamble and Colgate-Palmolive, announced last month that the prices of select products would increase to compensate for the highest entry costs derived from the trade war.

(ATARAYEE CHATTERJE report in Bengaluru; Leroy Leo Edition)