The Clorox Company stock research
FY2023 Q4
The Clorox (CLX) Gross Margin — Quarter Ended Jun 30, 2023
Revenue and gross profit both rose, while cost of revenue also increased. Gross margin improved, reflecting that gross profit grew faster than revenue.
Gross margin takeaway
Quarter ended Jun 30, 2023 · FY2023 Q4
Revenue and gross profit both rose, while cost of revenue also increased. Gross margin improved, reflecting that gross profit grew faster than revenue.
- The strongest observable margin driver is the combined movement of revenue and cost of revenue, where gross profit growth outpaced revenue growth, leading to an expanded gross margin.
- Compared to the immediately preceding quarter, gross margin was higher; compared to the same quarter one year earlier, gross margin was also higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
42.7%
Gross profit
$862.0M
Revenue
$2.0B
Cost of revenue
$1.2B
Quarter-over-quarter change
+0.9 pts
Year-over-year change
+5.6 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $1.9B | $800.0M | $1.1B | 41.8% |
| Jun 30, 2023 | $2.0B | $862.0M | $1.2B | 42.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2023
+0.9 pts
Year-over-year change
Jun 30, 2022
+5.6 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the combined movement of revenue and cost of revenue, where gross profit growth outpaced revenue growth, leading to an expanded gross margin.
Compared to the immediately preceding quarter, gross margin was higher; compared to the same quarter one year earlier, gross margin was also higher.
Monitor whether the favorable relationship between revenue and cost of revenue continues to support gross margin improvement in future periods.