X
<

Clorox Stock Rose on Strong Fiscal 4Q17 Results

PART:
1 2 3 4 5 6 7
Clorox Stock Rose on Strong Fiscal 4Q17 Results PART 1 OF 7

Clorox Stock Rose on Robust Fiscal 4Q17 Results

Stock rose 2.1%

Clorox (CLX) reported strong fiscal 4Q171 results amid moderating category growth in several key markets, primarily in the US (SPY). The company’s stock rose 2.1% before closing at $134.73 on August 3.

For fiscal 4Q17, the company exceeded analysts’ bottom-line expectations. Its sales were in line with the consensus estimate. Notably, the company generated healthy volume growth, which is in contrast to most of its peers. Consumer product companies have struggled to drive volume growth.

Clorox Stock Rose on Robust Fiscal 4Q17 Results

Interested in CLX? Don't miss the next report.

Receive e-mail alerts for new research on CLX

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

Clorox continues to generate strong sales and volumes growth despite industry-wide softness. The company’s formidable portfolio of market leading brands, ability to increase prices, and focus on innovation has helped it to outperform its peers in terms of sales growth.

However, a slowdown in demand for consumer products and increased competitive activity could pose a challenge in the coming quarters.

YTD stock movement

On August 3, Clorox stock was up 12.3% on a YTD (year-to-date) basis. In comparison, the company’s stock generated higher returns than most of its peers. The exception is Church & Dwight (CHD) stock, which is up 17.2% YTD. During the same period, Kimberley-Clark (KMB), Colgate-Palmolive (CL), and Procter & Gamble (PG) stock have risen 6.6%, 9.4%, and 8.1%, respectively.

Clorox stock also exceeded the S&P 500 (SPX) in terms of price gains. YTD, the S&P 500 is up 10.4%.

Series overview

Clorox reported its fiscal 4Q17 results on August 3, 2017. We’ll analyze the company’s fiscal 4Q17 performance in this series. We’ll also discuss analysts’ recommendations and current valuations for CLX stock.

  1. fiscal 4Q17 ended June 30, 2017
X

Please select a profession that best describes you: