Personal Finance & Money Asked on March 5, 2021
Today, the following was reported:
Clorox shares are trading lower after the company reported Q2 results. While the company beat estimates, it said it expects back-half sales to be about flat.
What does "back-half" mean in this context?
Since the company had reported results for the first half of the fiscal year (Q2 results), the rest of the year would be the "back half". So "back half" sales would be sales in the next two quarters (Q3 and Q4).
Answered by Justin Cave on March 5, 2021
The back half of the year is the latter half, Q3 and Q4. In the Clorox case, it refers to a fiscal year.
Answered by nanoman on March 5, 2021
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