Which of These 2 Household Care Companies Is More Likely to Clean Up This Winter?
The need to cleanse surfaces during the COVID-19 pandemic to meet health and safety standards drove plentiful revenue growth for companies like Clorox (NYSE: CLX), along with others offering household care items like Procter & Gamble (NYSE: PG).
With the drive to scrub everything constantly declining somewhat as the coronavirus slowly ebbs, Clorox still managed to post first-quarter (Q1) results ahead of expectations on Nov. 1. Investors may still wonder, however, which of these two soap and cleaner companies is the better future bet, and the results of each do indeed point to the potential winner.
Clorox's stock rose more than 4% in after-hours trading on Nov. 1, as it reported Q1 fiscal 2022 revenue of $1.81 billion and delivered a 6.5% positive surprise above consensus analyst predictions. At the bottom line, its $1.21 of adjusted earnings per share (EPS) outpaced analyst forecasts by more than 18.6%. The report showed sales falling year over year for the new fiscal year's first quarter, which ended on Sept. 30, but apparently not as much as traders worried last week.
Source Fool.com
