Is Clorox Making Money? — Market Mad House

Mr. Market still values iconic American consumer brands. For instance, shares of the Clorox Co. (NYSE: CLX) were trading at $152.50 on 7 October 2019.

Clorox manufactures a variety of cleaning products, including America’s best-known brand of bleach. Other Clorox Co. products include; Kingsford Charcoal, Glad bags, Liquid Plumber, Pine Sol, Brita Water Filters, Rainbow Light vitamins, Fresh Step cat litter, and Hidden Valley Ranch salad dressings

Why does Mr. Market like this old consumer products company? Notably, dollar stores sell many of Clorox’s products in the United States.

Is the Clorox Co. Making Money?

Currently, Clorox makes a little money from its chemicals. Clorox reported quarterly venues of $1.627 billion and a quarterly gross profit of $734 million on 30 June 2019.

Plus, Clorox reported an operating income of $317 million and a net income of $241 million for the quarter ending in June 2019. However, Clorox’s revenues could soon drop.

The Clorox Company’s revenue growth fell by 3.78% during the quarter ending on 30 June 2019, Stockrow estimates. That was the first quarter of negative revenue growth at Clorox in a few years.