"I'm extremely pleased with our performance for the quarter, particularly given pressure on the consumer in this difficult economic environment," said Don Knauss, chairman and CEO, Clorox. "We delivered strong sales growth, on top of a high level of growth in the year-ago quarter, and strong earnings growth. Overall, our brands are healthy and the fundamentals of our business are solid."
First quarter total volume increased 4%. Excluding Burt's Bees products, volume was up 1%. Sales growth outpaced volume growth primarily due to the benefit of price increases and favorable product mix. Volume growth in the company's North America segment was primarily driven by Burt's Bees products, Green Works natural cleaners and other select household lines.
The complete report is available here.