More on Clorox's FQ2


Clorox (CLX) grew sales at a moderate pace in FQ2 off of a tough year-ago comparable. Volume increased 1% during the quarter.

Gross margin rate fell 60 bps to 41.9% due to higher commodity costs.

The company saw stronger gains in its Cleaning segment than Household or Lifestyle.

International sales rose 2% on a 1% pickup in volume.

The company expects 1%-2% sales growth in FY14.

CLX -0.4% premarket

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