Clorox Co
CLX: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|kR | LOCK|@Z | LOCK|srl^Ybl |
Clorox Earnings: Despite Heightened Inflationary Angst, Brand Spending Unwavering; Shares a Bargain
Noise from last year's ERP implementation (the inventory buildup and workdown at retail) persisted in Clorox's first quarter, which included 18% organic sales growth and a 130-basis-point pullback in gross margin to 40.4%. Absent the lap, organic sales would have been flat.
