The bleach maker is hopeful that new products such as goods like Brita water bottles, price increases and the appetite of affluent shoppers can help it rebound after a disappointing first half of the fiscal year.
The maker of Hidden Valley Ranch salad dressing earned $151 million, or $1.09 per share, in the fiscal third quarter that ended in March, compared with a profit of $165 million, or $1.16 a share, a year earlier.
Earnings from continuing operations were $141 million, or $1.02 a share, compared with $143 million, or $1.00 a share, a year earlier.
Sales rose 1.3 percent to $1.30 billion, while analysts had expected $1.32 billion, according to Thomson Reuters I/B/E/S.
(Reporting by Brad Dorfman and Jessica Wohl, editing by Dave Zimmerman)