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