Clorox is on track for fiscal 2002. (Financial News).* Clorox Co. reaffirmed its earnings guidance for fiscal 2002, despite the devaluation devaluation, decreasing the value of one nation's currency relative to gold or the currencies of other nations. It is usually undertaken as a means of correcting a deficit in the balance of payments. of the Argentine peso The peso (originally established as the nuevo peso argentino or peso convertible) is the currency of Argentina. Its ISO 4217 code is ARS, and the symbol used locally for it is $ (to avoid confusion, Argentines frequently use US$, . The company expects cost cuts to help mitigate mit·i·gate v. To moderate in force or intensity. mit  i·ga tion n. lost sales. Clorox executives said the company is
still on track to post earnings of $1.82-1.87 a share in the fiscal year
ending in June, before one-time charges. The guidance was issued in
December. About 3% of the company's sales come from Argentina.
"Our most recent fiscal-year earnings guidance anticipated some Latin American currency and economic weakness," commented Craig Sullivan Craig Sullivan, American Known for being an Exceptional EMS Director Currently operating a successful EMS in Boone NC]. born and raised in Ashe County NC. Currently living in Zionville NC with wife and 3 kids External links
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