Report
Erin Lash
EUR 101.80 For Business Accounts Only

Clorox stands to maintain its competitive edge by investing behind its already dominant brands.

Fourth-quarter results once again showed Clorox to be an efficient operator, with gross margins at their highest levels of the decade--up 30 basis points year over year to 45.7%--and operating margins over 19% (up 220 basis points) despite facing commodity inflation and higher manufacturing and logistics costs, which negatively constrained gross margins to the tune of 220 basis points in the aggregate.
Not dissimilar to consumer product peers, top-line growth has been harder to come by, with Cl...
Underlying
Clorox Company

Clorox is a manufacturer and marketer of consumer products. The company sells its products through mass retailers, grocery outlets, warehouse clubs, dollar stores, home hardware centers, drug, pet and military stores, third-party and owned e-commerce channels, and distributors. The company has four reportable segments: Cleaning, which consists of laundry, home care and other products; Household, which consists of charcoal, bags, wraps and containers, cat litter, and digestive health products; Lifestyle, which consists of food products, water-filtration systems and filters, natural personal care products, and dietary supplements; and International, which consists of products sold outside the United States.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Erin Lash

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