2024-05-14 10:25:25 ET
The Clorox Company (CLX)
Goldman Sachs Global Staples Forum
May 14, 2024 08:15 AM ET
Company Participants
Linda Rendle - Chief Executive Officer
Conference Call Participants
Bonnie Herzog - Goldman Sachs
Presentation
Bonnie Herzog
Good morning, everyone. Thank you all for joining us today. I'm Bonnie Herzog, Senior Consumer Staples Analyst at Goldman Sachs and I'm thrilled to Technical Difficult] welcome you all to our Annual Goldman Sachs Global Staples Forum. So, we have a great lineup of companies for you today, which should make for robust conversations, especially as we emerge from the hyperinflationary environment in 2022 and 2023 and see the consumer continuing to grapple with high prices and interest rates against what is still a pretty tough macro backdrop.
That said companies really have not been asleep at the wheel and many have been sharpening their commercial strategies to provide better value propositions for the stretched consumer.
So, with that we're excited to kick off this year's conference with Clorox and it's my pleasure to welcome Clorox's CEO, Linda Rendle join us on stage. Now, Linda is the CPG veteran with over 20 years of experience at Clorox where she held several leadership roles and as key architect behind the company's Ignite strategy.
Linda was appointed CEO in 2020 at a time when the industry at large was dealing with COVID-led disruptions, which was followed by decade high inflationary pressure, and then certainly rising rates and since then the team has been working hard to recover from supply disruptions caused by a cyberattack in August last year.
Now, overall Clorox has made meaningful progress with restoring distribution and service levels and is aiming to put these challenges in the rearview mirror by next quarter. So, there's really a lot to unpack and you sure have been busy....
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The Clorox Company (CLX) Presents at Goldman Sachs Global Staples Forum Transcript