Clorox's Move to Provide Adjusted EPS Raises Concerns

Some analysts questioned Clorox’s move to offer non-GAAP metrics. Photo: Rishi Deka/Zuma Press Clorox Co. ’s decision to break out adjusted earnings per share is drawing concern from some analysts who view the change to how the consumer company measures its corporate value as potentially misleading.

Clorox
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Clorox Co. 's decision to break out adjusted earnings per share is drawing concern from some analysts who view the change to how the consumer company measures its corporate value as potentially misleading.

The Oakland, Calif.-based maker of disinfecting wipes and other cleaning products forecast its adjusted EPS as ranging between $7.45 to $7.65 for the current fiscal year when it reported quarterly results on Friday. It said the move aims to provide more transparency to investors.

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