Shares of consumer conglomerate The Clorox Company (CLX) rose on Friday (Aug. 2, 2024) even as the S&P 500 fell. The company reported results for its fiscal fourth quarter 2024, which encouraged investors.
The company has made progress in profitability. It had a gross margin of 43% during fiscal 2024 compared to a gross margin of approximately 39% during fiscal 2023, a huge one-year improvement.
In fiscal 2025, management believes it can continue to improve and achieve a gross margin of approximately 44%. And that should help it achieve full-year earnings per share (EPS) of $4.95 to $5.20, a solid year-over-year improvement.
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