Where Will Clorox Be in 2 Years?
In terms of COVID-19 beneficiaries, it's hard to find a more direct example than Clorox (NYSE: CLX). The company's various disinfecting products helped in the fight against the virus and stood out in a global pandemic that has made "clean" far more of a prerequisite than before.
While Clorox has certainly had a great 2020, there is no guarantee that its level of success can be maintained in the years ahead. Let's explore where Clorox might be two years from now when COVID-19 is -- hopefully -- brought under control and the world has returned to normalcy.
In the company's most recent quarter, sales grew by 27% year over year while diluted earnings per share more than doubled to $3.22. An unprecedented spike in product demand powered gross margin expansion from 44% to 48% year over year.
Source Fool.com
