Clorox Co

CLX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$324.00	Gfjpd	Xlmctdqj

Clorox Earnings: Cyberattack in the Rearview as Sales and Profits Soar on Regained Distribution

Erin Lash

Feb 2, 2024

We surmise that the speed wide-moat Clorox employed to rebuild retailer inventories, underpinned by its unwavering brand prowess, resulted in its impressive second-quarter performance. Organic sales shot up 20%, reflecting a 13% increase in volumes and a 7% price hike, while the gross margin surged 730 basis points to 43.5%, reflecting higher prices, cost savings, and fixed-cost leverage on stepped-up shipments.

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