Posted 11/22/2023, 10:19:00 AM
Clorox Stock Slumps 40% From Peak as Pandemic Boom Fizzles Out
- Clorox stock has dropped 40% from 2020 peak due to falling demand, inflation, supply chain issues, and a cyberattack
- Clorox took action to cut costs and raise prices to regain margins after pandemic cleaning boom ended
- Margins improved for 4 quarters but were hit again by the cyberattack which disrupted operations
- The stock pays a 3.4% dividend yield, having raised the dividend for 46 straight years
- As Clorox has already endured its own bear market, a broader sell-off may not impact it as negatively