We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Clorox's Annual Report Reveals Significant Progress, Stock Up
Read MoreHide Full Article
The Clorox Company (CLX - Free Report) released the seventh integrated annual report (fiscal 2018), encompassing information regarding the brands’ success in both business and corporate responsibility matters. The report reveals that Clorox’s sales grew 3% in fiscal 2018 compared with a 4% increase registered a year ago. Further, it shows that product innovation contributed to nearly 3 points to sales in the fiscal year, marking the eighth straight year of growth. Moreover, product portfolio with sustainability improvements gained nearly 15 percentage point, summing up to 49%, nears to 50% that is anticipated to be achieved by 2018-end.
Through this integrated annual report, Clorox emphasizes on its brands, thus reinventing itself to offer best products to consumers. Also, these are important actions to all its stakeholders, and thus achieving sustainable and profitable growth.
Following the release of this integrated report, shares of Clorox increased 1.2% yesterday. In the past three months, this Zacks Rank #2 (Buy) stock has advanced 15.4%, outperforming the industry’s 5.4% rally.
Growth Strategies
Clorox's is performing exceedingly well, courtesy of its solid growth initiatives, including 2020 Strategy, Go Lean Strategy, enhancement of e-commerce business and disciplined capital allocation.
Additionally, the company remains keen on the smooth execution of its 2020 Strategy, which is aimed at improving categories and overall market share. Clorox intends to achieve certain long-term aspirations, including net sales growth of 3-5%, EBIT margin expansion of 25-50 bps and free cash flow of 10-12% of sales, all on a yearly basis, through this strategy. Notably, its investments in brands; e-commerce development; technological advancements; enhancement of growth culture and focus on the 3Ds - desire, decision and delight are likely to act as key catalysts behind these aspirations. Also, the company is nearing its 2020 target of $500 million from e-commerce sales.
This apart, management seems to be well on track with its Go Lean Strategy to drive margins. Clorox’s commitment toward investing in product and brand differentiation to safeguard value proposition is also commendable. The company remains focused on strong investments in demand building, including digital marketing, e-commerce and product innovation pipeline as well. Internationally, the Go Lean Strategy consistently focuses on improving margins through operational efficiencies.
The Procter & Gamble Company (PG - Free Report) has an expected long-term earnings growth rate of 7% and a Zacks Rank #2.
Archer Daniels Midland Company (ADM - Free Report) pulled off an average positive earnings surprise of 18.6% in the trailing four quarters. The company carries a Zacks Rank of 2.
Best Electric Car Stock? You'll Never Guess It.
Zacks Research has released a report that may shock many investors. One stock stands out as the best way to invest in the surge to electric cars. And it's not the one you may think!
Much like petroleum 150 years ago, lithium battery power is set to shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, revenues that were already at $31 billion in 2016 are expected to blast to over $67 billion by the end of 2022.
Image: Bigstock
Clorox's Annual Report Reveals Significant Progress, Stock Up
The Clorox Company (CLX - Free Report) released the seventh integrated annual report (fiscal 2018), encompassing information regarding the brands’ success in both business and corporate responsibility matters. The report reveals that Clorox’s sales grew 3% in fiscal 2018 compared with a 4% increase registered a year ago. Further, it shows that product innovation contributed to nearly 3 points to sales in the fiscal year, marking the eighth straight year of growth. Moreover, product portfolio with sustainability improvements gained nearly 15 percentage point, summing up to 49%, nears to 50% that is anticipated to be achieved by 2018-end.
Through this integrated annual report, Clorox emphasizes on its brands, thus reinventing itself to offer best products to consumers. Also, these are important actions to all its stakeholders, and thus achieving sustainable and profitable growth.
Following the release of this integrated report, shares of Clorox increased 1.2% yesterday. In the past three months, this Zacks Rank #2 (Buy) stock has advanced 15.4%, outperforming the industry’s 5.4% rally.
Growth Strategies
Clorox's is performing exceedingly well, courtesy of its solid growth initiatives, including 2020 Strategy, Go Lean Strategy, enhancement of e-commerce business and disciplined capital allocation.
Additionally, the company remains keen on the smooth execution of its 2020 Strategy, which is aimed at improving categories and overall market share. Clorox intends to achieve certain long-term aspirations, including net sales growth of 3-5%, EBIT margin expansion of 25-50 bps and free cash flow of 10-12% of sales, all on a yearly basis, through this strategy. Notably, its investments in brands; e-commerce development; technological advancements; enhancement of growth culture and focus on the 3Ds - desire, decision and delight are likely to act as key catalysts behind these aspirations. Also, the company is nearing its 2020 target of $500 million from e-commerce sales.
This apart, management seems to be well on track with its Go Lean Strategy to drive margins. Clorox’s commitment toward investing in product and brand differentiation to safeguard value proposition is also commendable. The company remains focused on strong investments in demand building, including digital marketing, e-commerce and product innovation pipeline as well. Internationally, the Go Lean Strategy consistently focuses on improving margins through operational efficiencies.
Other Key Picks in the Consumer Staples Space
The Chefs' Warehouse, Inc. (CHEF - Free Report) has an impressive long-term earnings growth rate of 19% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Procter & Gamble Company (PG - Free Report) has an expected long-term earnings growth rate of 7% and a Zacks Rank #2.
Archer Daniels Midland Company (ADM - Free Report) pulled off an average positive earnings surprise of 18.6% in the trailing four quarters. The company carries a Zacks Rank of 2.
Best Electric Car Stock? You'll Never Guess It.
Zacks Research has released a report that may shock many investors. One stock stands out as the best way to invest in the surge to electric cars. And it's not the one you may think!
Much like petroleum 150 years ago, lithium battery power is set to shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, revenues that were already at $31 billion in 2016 are expected to blast to over $67 billion by the end of 2022.
See Zacks Best EV Stock Free >>