Clorox Co. (CLX) said it expects volume to begin growing again in fiscal 2010, but reiterated its profit guidance for the year.

The company affirmed its earnings forecast for the new fiscal year ending in June at $4 to $4.15 a share, putting its estimate below the average analyst estimate of $4.17 a share, according to a poll by Thomson Reuters. The stock was recently down $2.20, or 3.6%, to $58.81.

The company also disclosed that Wal-Mart Stores Inc. (WMT) will not be carrying its new Green Works brand of laundry detergent in the U.S. Clorox in June announced the launch of the natural laundry detergent. On a conference call, company executives said Wal-Mart's decision on the new detergent was unexpected and that the retailer could choose to revisit its decision. Other retailers have agreed to carry the new brand.

In recent quarters, Clorox' volume have been hurt by price hikes taken to offset high commodity prices. Clorox and other consumer companies have stopped hiking prices as commodity costs have come down. Clorox has also rolled back prices for its Glad trash bags.

In the latest quarter, the company's volume fell 2% due to the price increases and Clorox's exit from its private-label food bags business.

Volume are a key measure of units sold and consumer companies - including Clorox - have seen volume come under pressure as they raised prices to offset higher commodity prices.

Clorox's fiscal fourth-quarter profit rose 7.6% on increased margins, despite flat revenue, as earnings beat analysts' views.

For the period that ended June 30, the company known for its namesake bleach and other household cleaning goods posted income of $170 million, or $1.20 a share, up from $158 million, or $1.13 a share, a year earlier.

By Anjali Cordeiro, Dow Jones Newswires; 201-938-2408; anjali.cordeiro@dowjones.com

(Kerry Grace Benn contributed to this report.)