Clorox's investment behind its already dominant brands position it to maintain its competitive edge.
Clorox’s solid first-quarter results exemplified the reasoning behind our wide moat rating (solid brand intangible assets and a cost edge), as strength across all product categories resulted in 4% year-over-year sales growth. Cost savings and price increases enabled Clorox to withstand commodity cost inflation and expand gross margin 50 basis points, to almost 45%. Cleaning segment sales (5% growth, though almost 2 points were due to hurricane relief needs) were particularly impressive following...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.
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.
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