The Clorox Company stock research
FY2024 Q4
The Clorox (CLX) Gross Margin — Quarter Ended Jun 30, 2024
Revenue and gross profit both rose compared to the immediately preceding quarter, while cost of revenue remained stable, leading to an improved gross margin. Relative to the same quarter one year earlier, revenue was lower and cost of revenue was also lower, resulting in a higher gross profit and a strengthened gross margin.
Gross margin takeaway
Quarter ended Jun 30, 2024 · FY2024 Q4
Revenue and gross profit both rose compared to the immediately preceding quarter, while cost of revenue remained stable, leading to an improved gross margin. Relative to the same quarter one year earlier, revenue was lower and cost of revenue was also lower, resulting in a higher gross profit and a strengthened gross margin.
- Gross profit growth outpaced revenue growth sequentially, as cost of revenue did not increase proportionally, which was the strongest observable factor supporting margin expansion.
- Compared to the prior quarter, gross margin improved, driven by higher revenue and gross profit with stable cost of revenue. Versus the same quarter last year, gross margin also strengthened, as revenue declined less proportionally than cost of revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
46.5%
Gross profit
$884.0M
Revenue
$1.9B
Cost of revenue
$1.0B
Quarter-over-quarter change
+4.2 pts
Year-over-year change
+3.8 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 |
|---|---|---|---|---|
| Sep 30, 2023 | $1.4B | $532.0M | $854.0M | 38.4% |
| Dec 31, 2023 | $2.0B | $866.0M | $1.1B | 43.5% |
| Mar 31, 2024 | $1.8B | $766.0M | $1.0B | 42.2% |
| Jun 30, 2024 | $1.9B | $884.0M | $1.0B | 46.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2024
+4.2 pts
Year-over-year change
Jun 30, 2023
+3.8 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross profit growth outpaced revenue growth sequentially, as cost of revenue did not increase proportionally, which was the strongest observable factor supporting margin expansion.
Compared to the prior quarter, gross margin improved, driven by higher revenue and gross profit with stable cost of revenue. Versus the same quarter last year, gross margin also strengthened, as revenue declined less proportionally than cost of revenue.
Monitor whether cost of revenue remains stable relative to revenue, as it was the key variable in the current quarter's margin improvement.