Clorox Co

CLX: XNYS (USA)
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Clorox Earnings: Sales and Profits Stand to Rally on Long-Term Investment Focus; Shares a Bargain

Clorox's fourth-quarter organic sales slumped 13% as it lapped the retail inventory buildup ahead of its ERP rollout a year ago. The adjusted gross margin compressed 370 basis points to 42.8% as volume deleverage and inflation outpaced cost savings.

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