Seeking Alpha

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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