Clorox recently launched its new ‘Ignite’ strategy in an effort to kick-start growth.
But targets are lofty and the lowered guidance does not inspire confidence.
Shares are not cheap either at 8.5x PEG.
Clorox (CLX) is a leading consumer product company with market leadership positions across the various categories and geographies it operates in. However, growth challenges in North America as consumer products become an increasingly