Since the COVID-19 outbreak, WHO(World Health Organization) and governments have been urging to stay hygienic by washing hands and cleaning residential areas. Of course, the demand for cleaning consumer products has been rising dramatically with their price tags as well. Manufacturing them becomes obviously expensive then price tags rise too. Consequently, their revenue shifts upward by increasing net income.
Looking at Clorox financials one may see easily the quarter net income keeps rising since December 2019. Thus investors might enjoy the surging dividends and speculating operations in the stock market. Moreover, the balance sheet looks optimistic about the increasing stockholders’ equity.
Company’s background [copied from Wiki]
An American global manufacturer and marketer of consumer and professional products, with approximately 8,700 employees worldwide, as of June 30, 2018. Net sales in the company’s 2019 fiscal year were US$6.2 billion. Clorox ranked #468 on Fortune‘s 2018 Fortune 500 list.
Clorox products are sold primarily through mass merchandisers, retail outlets, e-commerce channels, distributors, and medical supply providers. Clorox brands include its namesake bleach and cleaning products, as well as Burt’s Bees, Formula 409, Glad, Hidden Valley, Kingsford, Kitchen Bouquet, KC Masterpiece, Liquid-Plumr, Brita (in the Americas), Mistolin, Pine-Sol, Poett, Soy Vay, RenewLife, Rainbow Light, Natural Vitality, Neocell, Tilex, S.O.S., and Fresh Step, Scoop Away and Ever Clean pet products.