by Tim Schäfer, Euro on Sunday
In the second quarter, sales fell eight percent to $1.7 billion. However, sales had increased by 27 percent in the same period of the previous year, triggered by panic purchases caused by the pandemic. Adjusted earnings per share fell 67 percent due to higher manufacturing, logistics and raw material costs. Clorox counteracts this with price increases and cost savings. The fact that the products can be found in most US homes speaks in favor of the stock. The group expanded its market shares in most business areas. The pipeline is well filled, with Clorox disinfectant mist with a spray device and cherry blossom-scented bin liners coming onto the market during the quarter. The stock has fallen to a 12-month low and the dividend yield has risen to over 3 percent.
Industry: consumer goods
Headquarters: Oakland, California (USA)
market value: €15.5 billion
Tim Schaefer is a journalist and has been writing about the stock market, stocks and companies since 1998. The graduate business economist and DVFA stock analyst has lived in New York since 2006 and reports from there on what is happening on Wall Street, including for Euro am Sonntag. Schäfer is known for his reports on small second-line stocks.
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