Clorox Co
CLX: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| zq% | LOCK|^P$ | LOCK|N<!G<v$? |
Clorox Earnings: Headwinds Abound, but We See Investments as a Prudent Means to Steady Its Ship
Organic sales ticked down 1% in Clorox's fiscal second quarter, driven by lower volumes. Cost savings (a 170-basis-point benefit) were unable to offset higher manufacturing and logistics costs (a 240-basis-point headwind), resulting in a decline in gross margin to 43.2%.
