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The increase was driven largely by favorable price mix, partially offset by lower volume.
February 3, 2023
By: Lianna Albrizio
Associate Editor
Net sales for the Clorox Company increased 1% to $1.72 billion for the second quarter of fiscal year 2023, which ended Dec. 31, 2022 compared to an 8% net sales decrease in the year-ago quarter. The increase was driven largely by favorable price mix, partially offset by lower volume. Organic sales were up 4%. The three-year average growth rate for net sales was 7%. Gross margin increased 320 basis points to 36.2% from 33% in the year-ago quarter, due to the benefits of prici...
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