The Clorox Company (NYSE:CLX) Q2 2016 Earnings Conference Call - Preliminary Transcript

Feb 04, 2016 • 01:30 pm ET


The Clorox Company (NYSE:CLX) Q2 2016 Earnings Conference Call - Preliminary Transcript


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Benno Dorer

consumer response. We have additional, promising innovation launching across our portfolio in Q3. We continue to eliminate costs that are not meaningful to consumers. And reinvest the savings into the business, such as by leveraging technology to engage with consumers and drive household penetration. We are very pleased, our domestic business is healthy.

In international, where the profitability of our business remains challenged due to weakening foreign currencies, our team is relentlessly focused on the four pillars of our -- strategy to improve profitability. And I feel very good about the future of our international business, recognizing the fundamental strength of our brands in many countries, which is reflected in increased market shares.

So we feel very good about a strong second quarter and first half results. And while we're very pleased with our strong year-to-date performance, I want to emphasize that we focus on driving sustained performance over the long term, consistent with our 2020 strategy. And given that long term focus, as Steve Robb noted, we're considering investing in some supply chain related projects that will feed our future cost savings pipeline and benefit margins in future years.

We're also increasing our demand building investments in the back half of this fiscal year to keep our brands healthy and growing in the face of anticipated competitive activity in selected categories. And I'm pleased that we're able to make these investments for the long term health of the business while also raising our earnings outlook for the current fiscal year.

With that, let's open it up for your questions.