Clorox Co
CLX: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|r? | LOCK|!b | LOCK|#C<Y?DH |
Clorox Earnings: Cost Pressures Dent Profits, but Prudent Brand Spending Persists; Shares Attractive
Clorox's organic sales slipped 1%, reflecting lower prices and an unfavorable mix. Higher manufacturing and logistics costs, combined with negative mix (a 310-basis-point hit), outpaced cost savings (a 170-basis-point benefit), resulting in 140-basis-point erosion in gross margins to 43.2%.
